Hi everyone…

How was your week?

It was not the easiest trading form longer timeframes.

Our brand new M3 day trading system is working brilliantly and it is based on my Earth & Sky forex system. So how did we do this week?

Let’s have a quick look at a few of the pairs we trade each week here at Forexmentorpro…….

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1) USD/CHF: Going nowhere this week…….stuck at the 55 EMA and weekly main pivot at 0.9507 area…..plus we in a triangle on the 4 hour chart…..I have a feeling we going to pop to the upside….if that is the case then I will re look to short from the 200 EMA at 0.9600 area.

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2) USD/CAD: went nowhere this week……stuck at the MS1 pivot and some EMA`S at the 38.2 fib at 1.3640 area…….have a feeling we can pop to the upside…..so will be keeping an eye on the 55 and 200 EMA at 1.3768 area to short from again.

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3) Dollar/JPY: Found nice resistance early at the week at the 200 and 55 EMA`S at 107.77 area and dropped …..currently very close to main profit take area at last weeks low at 106.57 area.

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6) GBP/JPY: Got very close to the 200 EMA at 136.62 where I said to re look for shorts from….it dropped like a stone and took the 200 EMA and 55 EMA support out at 134.39 and went all the way to the WS1 pivot at 132.43 area. …..possible support here…

 

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9) Euro/JPY: Dropped back and currently sitting on the 50% fib at 119.73 area where we have loads of EMA`s to give support….possible longs can set up from here…

 

 

So in my book……the best setups where the….

* Euro/GBP
* GBP/JPY
* USD/JPY

AND THAT IS THAT LADIES AND GENTS…

Have a super weekend.

Regards

Pierre

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