Top 5 Earth and Sky zones for the week

by | Jan 20, 2021 | Forex Analysis

Hi everyone.

I had a look at all my charts and we only have 5 pairs where the 4 hour and daily directions are the same and where the previous weeks close is according to the main direction and were price either closed above 50 pips in an uptrend or under 50 pips in a downtrend.

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GBP

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

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1) Euro/CAD Dollar on the 4 hour chart:

The direction indicator is short the 4 hour AND THE daily chart and we closed min 134 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 between 1.5462 and 1.5525 with areas to keep an eye on 1.5462 and 1.5492 and 1.5525 areas again for possible shorts.

Counter longs from the WS1 pivot at 1.5279 and the WS2 pivot at 1.5179 areas.

Notes:

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

5

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2) Euro/Aussie Dollar on the 4 hour chart:

The direction indicator is short the 4 hour AND THE daily chart and we closed min 71 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 between 1.5707 and 1.5764 with areas to keep an eye on 1.5707 and 1.5734 and 1.5764 areas again for possible shorts.

Counter longs from the WS1 pivot at 1.5568 and the WS2 pivot at 1.5461 areas.

Notes:

If we break the short zone to the upside for some reason then I will re look at my plan B area at the WR1 pivot and last week’s high at area at 1.5807 for possible shorts to set up from.

4 1

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3) Euro/GBP on the 4 hour chart:

The direction indicator is short on the 4 hour AND THE daily chart and we closed min 109 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 between 0.8951 and 0.8994 with areas to keep an eye on 0.8951 and 0.8994 areas again for possible shorts.

Counter longs from the WS1 pivot at 0.8823 and the WS2 pivot at 0.8759 areas.

Notes:

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

3 1

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4) GBP/CAD on the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 95 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 1.7312 and 1.7251 with areas to keep an eye on at 1.7300 and 1.7283 and 1.7271 areas again for possible longs.

Counter shorts from the WR1 pivot at 1.7427 areas.

Notes:

Currently in a triangle…Bollinger bands closing fast so we can go nowhere – take note.

2 1

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5) Aussie/NZD on the 4 hour chart:

The direction indicator is LONG on the 4 hour AND THE daily chart and we closed plus 91 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 1.0756 and 1.0730 with areas to keep an eye on 1.0756 and 1.0744 and 1.0730 for longs to set up from…..

Counter shorts from the WR 1 pivot at 1.0835 and  the WR 2 pivot at 1.0870 areas.

Notes:

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

First support at the 55 EMA at 74.60.

1 1

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Possible support or resistance levels that can trigger trades……

  • Euro/Dollar at the 200 EMA at 1.2141 and the 55 EMA at the WR1 pivot and the 55 EMA at 1.2173 for possible shorts.

  • Euro/NZD at the WR2 pivot and the 200 EMA at 1.7081 for possible shorts to set up from.

  • Euro/JPY at the 200 EMA and the 55 EMA at 126.11 area for possible shorts.

  • Euro/SGD at the 200EMA and 55 EMA at 1.6161 area for possible shorts to set up from.

Happy trading….

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

Pierre

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