Hi everyone.
How you all doing?
Looking at my charts tonight then I have 8 pairs that stands out for for me……so lets have a look.
Let’s have a look at some Earth and Sky set ups to keep an eye on….
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1) Euro/Aussie on the 4 hour chart:
The direction indicator is long on the 4 hour AND THE daily chart and we closed plus 99 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 1.5796 and 1.5705 with areas to keep an eye on at 1.5796 and 1.5667 and 1.5730 areas again for possible shorts.
Target: 1.5978 and 1.6016 areas.
Counter short from the WR1 pivot at 1.6016 areas.
Target: 1.5816
Notes:
Wait for price to find solid support
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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 201 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 1.8432 and 1.8343 with areas to keep an eye on at 1.8432 and 1.8390 and 1.8343 areas again for possible longs.
Target: 1.8610 and 1.8675
Counter shorts from the WR1 pivot at 1.8675 areas.
Target: 1.8465 area.
Notes:
If we make new higher highs with out the correction we want…follow price with the fib to get the adjusted long zone for the week.
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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 230 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 1.9728 and 1.9628 with areas to keep an eye on at 1.9728 and 1.9681 and 1.9628 areas again for possible longs.
Target: 1.9990
Counter shorts from the WR1 pivot at 1.9990 areas.
Target: 1.9759 area.
Notes:
If we make new higher highs with out the correction we want…follow price with the fib to get the adjusted long zone for the week.
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4) Aussie/JPY on the 4 hour chart:
The direction indicator is short on the 4 hour BUT MIXED on the daily chart and we closed min 101 pips lower than last week`s opening so we did almost 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 82.75 and 83.47 with areas to keep an eye on at 82.75 and 83.09 and 83.47 areas again for possible shorts.
Target: 81.21 and 81.11 levels
Counter longs from the WS1 pivot at 81.11 areas.
Target: 82.65 areas.
Notes:
We didn’t meet the ALL the requirement trend looking at the direction indicator but the zone `looks` good as we had a big drop last week so I will give it a go and fib the 4 hour chart
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5) NZD/JPY on the 4 hour chart:
The direction indicator is short on the 4 hour BUT MIXED on the daily chart and we closed min 86 pips lower than last week`s opening so we did almost 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 77.36 and 78.06 with areas to keep an eye on at 77.36 and 77.69 and 78.06 areas again for possible shorts.
Target: 75.75 levels
Counter longs from the WS1 pivot at 75.75 areas.
Target: 77.26 areas.
Notes:
We didn’t meet the ALL the requirement trend looking at the direction indicator but the zone `looks` good as we had a big drop last week so I will give it a go and fib the 4 hour chart
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6) USD/CAD on the 4 hour chart:
The direction indicator is long on the 4 hour BUT MIXED on the daily chart and we closed 141 pips higher than last week`s opening so we did almost 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 1.244 and 1.2376 with areas to keep an eye on at 1.2447 and 1.2414 and 1.2376 areas again for possible longs.
Target: 1.2593 levels
Counter shorts from the WR1 pivot at 1.2593 areas.
Target: 1.2448 areas.
Notes:
We didn’t meet the ALL the requirement trend looking at the direction indicator but the zone `looks` good as we had a big jump last week so I will give it a go and fib the 4 hour chart
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7) SGD/JPY on the 4 hour chart:
The direction indicator is short on the 4 hour BUT LONG on the daily chart and we closed min 77 pips lower than last week`s opening so we did almost 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 81.75 and 82.16 with areas to keep an eye on at 81.75 and 81.94 and 81.16 areas again for possible shorts.
Target: 80.75 levels
Counter longs from the WS1 pivot at 80.75 areas.
Target: 81.66 areas.
Notes:
We didn’t meet the ALL the requirement trend looking at the direction indicator but the zone `looks` good as we had a big drop last week so I will give it a go and fib the 4 hour chart
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8) CAD/JPY on the 4 hour chart:
The direction indicator is short on the 4 hour BUT LONG on the daily chart and we closed min 155 pips lower than last week`s opening so we did almost 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 88.63 and 89.40 with areas to keep an eye on at 88.63 and 89.00 and 89.40 areas again for possible shorts.
Target: 86.94 levels
Counter longs from the WS1 pivot at 86.94 areas.
Target: 88.56 areas.
Notes:
We didn’t meet the ALL the requirement trend looking at the direction indicator but the zone `looks` good as we had a big drop last week so I will give it a go and fib the 4 hour chart
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Happy trading….
Look out for some catch up post this week in the forum.
Pierre
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