Hi everyone

Hope you well and healthy………and ready for the week ahead.

Let’s get straight into it and look at the potential Earth and Sky trading zones for the week…..theres only 5 pairs thats standing out for me tonight……

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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) GBP/USD the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 50 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 1.4155 and 1.4116 with areas to keep an eye on at 1.4137 and 1.4118 areas again for possible longs.

Target: 1.4228 and 1.4300 areas.

Counter shorts from the 1.4228 and 1.4300 areas.

Target: 1.4155 area.

Notes:

If we break the 55 EMA to the downside for some reason then be careful as we can go visit last week’s low and WS1 pivot at 1.4072 where I will re look for support to long from again…..

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2) GBP/Aussie the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 164 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 1.8214 and 1.8155 with areas to keep an eye on at 1.8214 and 1.8186 and 1.8162 areas again for possible longs.

Target: 1.8332 and 1.8379 areas.

Counter shorts from the 1.8379 areas.

Target: 1.8214 area.

Notes:

If price for some reason breaks the WS1 pivot in the long zone at 1.8162 to the downside then be careful as we can drop to last week’s low area at 1.8096 area and even lower at the 200 EMA`s where I will re look for support to long from again as the main trend is long.

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3) GBP/NZD the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 266 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 1.9593 and 1.9503 with areas to keep an eye on at 1.9603 and 1.9550 and 1.9503 areas again for possible longs.

Target: 1.9771 and 1.9855 areas.

Counter shorts from the 1.9771 and 1.9855 areas.

Target: 1.9603 area.

Notes:

If price for some reason breaks the WS1 pivot in the long zone at 1.9517 to the downside then be careful as we can drop to last week’s low area at 1.9471 and 1.9421 area and even lower at the 200 EMA`s where I will re look for support to long from again as the main trend is long.

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4) Aussie/CAD on the 4 hour chart:

The direction indicator is short on the 4 hour AND THE daily chart and we closed min 83 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 0.9369 and 0.9398 with areas to keep an eye on at 0.9369 and 0.9383 and 0.9399 areas again for possible shorts.

Target: 0.9285 levels

Counter longs  from the WS pivot at 0.9285 areas.

Target: 0.9357 and 0.9369 areas.

Notes:

Wait for price to come to you.

Notes:

If we break the 75% fib at 83.37 be careful as we can then drop to the 83.00 level where I will re look for support to go long again…..

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5) NZD/CAD on the 4 hour chart:

The direction indicator is short the 4 hour AND THE daily chart and we closed min 117 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 0.8706 and 0.8742 with areas to keep an eye on at 0.8706 and 0.8723 and 0.8742 areas again for possible shorts.

Target: 0.8634 and 0.8595 levels.

Counter longs from WS1 pivot at 0.8593 areas.

Target: 0.8686 and 0.8706 area.

Notes:

First roadblock for me at the 55 EMA at 0.8716 for possible shorts.

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Happy trading….

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

Pierre

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