The end of a looooong weekend

by | Apr 6, 2021 | Forex Analysis

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Hi everyone.

I hope you all had a good Easter weekend.

I just got home after a very loooooooong road trip and adventure so I am knackered but found a little energy for a quick look at some possible zones for the week.

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Let’s have a look at some Earth and Sky set ups to keep an eye on….

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1) Euro/JPY the 4 hour chart:

The direction indicator is LONG on the 4 hour AND THE daily chart and we closed plus 74 pips higher than last week`s opening so we did meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.   

Currently I have a long  zone between 129.57 and 129.19 with areas to keep an eye on at 129.57 and 129.39 and 129.19  areas again for possible longs.

Target: 130.31 and 130.66

Counter shorts from the WR1 pivot at 130.66 areas.

Target: 129.75 and 129.57

Notes:

If we make new higher highs without the correction we want follow price with your fib to get the adjusted long zone for the week.

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2) Euro/NZD on the 4 hour chart:

The direction indicator is short on the 4 hour AND THE daily chart and we closed min 139 pips lower than last week`s opening so we did meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.   

Currently I have a short zone between 1.6779 and 1.6836 with areas to keep an eye on at 1.6779 and 1.6800 areas again for possible shorts.

Target: 1.5839 and 1.5807

Counter longs from the WS1 pivot at 1.6618 areas.

Target: 1.6779 area.

Notes:

If we make new lower lows without the correction we want follow price with your fib to get the adjusted short zone for the week.

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3) GBP/JPY the 4 hour chart:

The direction indicator is LONG on the 4 hour AND THE daily chart and we closed plus 171 pips higher than last week`s opening so we did meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.   

Currently I have a long  zone between 151.97 and 151.28 with areas to keep an eye on at 151.97 and 151.64 and 151.28 areas again for possible longs.

Target: 153.95 areas

Counter shorts from the WR1 pivot at 153.95 areas.

Target: 151.97 area

Notes:

If we make new higher highs without the correction we want follow price with your fib to get the adjusted long zone for the week.

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4) GBP/Aussie the 4 hour chart:

The direction indicator is LONG on the 4 hour AND THE daily chart and we closed plus 96 pips higher than last week`s opening so we did meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.   

Currently I have a long  zone between 1.8122 and 1.8050 with areas to keep an eye on at 1.8122 and 1.8050 areas again for possible longs.

Target: 1.8280 areas

Counter shorts from the WR1 pivot at 1.8280 areas.

Target: 1.8130 area

Notes:

If we break the 61.8 fib to the downside be careful as we can drop to the 200 EMA and the WS1 pivot at 1.7995 areas where I will re look to long again.

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5) CAD/JPY on the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 71 pips higher than last week`s opening so we did meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.   

Currently I have a long zone between 87.46 and 87.04 with areas to keep an eye on at 87.46 and 87.26 and 87.00 areas again for possible longs.

Target: 88.30 and 88.60 level.

Counter shorts from the WR1 pivot at 88.60 areas.

Target: 87.55 levels

Notes:

If we make new higher highs without the correction then follow price with your fib to get the adjusted long zone for the week ahead.

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Happy trading….

Look out for some catch up post this week in the forum.

Pierre

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