Hi everyone
How are you doing?
All good this side of the world and we are working like wild men on the farm at the moment.
Looking at my charts then I have 8 pairs that meet the requirements for an Earth and Sky trading zone this week.
Remember in a……………….
In a Short zone the 4 hour and daily must show all red lights on the direction indicator and we must have a close more than – 50 pips.
and in a Long zone the 4 hour and daily direction indicator must have all green lights and we must have a close more than + 50 pips.
Let’s have a look at some zones…………………..
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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/Aussie on the 4 hour chart:
The direction indicator is short on the 4 hour AND THE daily chart and we closed min 215 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 1.5776 and 1.5855 with areas to keep an eye on at 1.5772 and 1.581 and 1.5853 areas again for possible shorts.
Counter longs from the WS1 pivot at 1.5609 and the WS2 pivot at 1.5528 areas.
Notes:
If we make new lower lows follow price with your fib to get the adjusted short 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 204 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 1.6793 and 1.6871 with areas to keep an eye on at 1.6793 and 1.6830 and 1.6871 areas again for possible shorts.
Counter longs from the WS1 pivot at 1.6593 and WS2 pivot at 1.6458 areas.
Notes:
If we make new lower lows follow price with your fib to get the adjusted short zone for the week
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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 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 zone between 0.8795 and 0.8824 with areas to keep an eye on at 0.8795 and 0.8811 and 0.8824 areas again for possible shorts.
Counter longs from the WS1 pivot at 0.8721 and WS2 pivot at 0.8672 areas.
Notes:
If we make new lower lows follow price with your fib to get the adjusted short zone for the week
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4) GBP/JPY on the 4 hour chart:
The direction indicator is long the 4 hour AND THE daily chart and we closed plus 120 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 143.87 and 143.35 with areas to keep an eye on at 143.87 and 143.35 areas again for possible longs.
Counter shorts from the WR1 pivot at 145.49 and WR2 pivot at 146.22 areas.
Notes:
If we make new higher highs without the correction follow price with your fib to get the adjusted long zone for the week.
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5) Aussie/JPY on the 4 hour chart:
The direction indicator is long the 4 hour AND THE daily chart and we closed plus 109 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 80.36 and 79.94 with areas to keep an eye on at 80.36 and 80.16 and 79.94 areas again for possible longs.
Counter shorts from the WR1 pivot at 81.37 and WR2 pivot at 81.83 areas.
Notes:
If we make new higher highs without the correction follow price with your fib to get the adjusted long zone for the week.
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6) NZD/JPY on the 4 hour chart:
The direction indicator is long the 4 hour AND THE daily chart and we closed plus 93 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 75.49 and 75.17 with areas to keep an eye on at 75.49 and 75.34 and 75.17 areas again for possible longs.
Counter shorts from the WR1 pivot at 76.26 and WR2 at 76.65 areas.
Notes:
If we make new higher highs without the correction follow price with your fib to get the adjusted long zone for the week.
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7) NZD/SGD on the 4 hour chart:
The direction indicator is long the 4 hour AND THE daily chart and we closed plus 97 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 0.952 and 0.9540 with areas to keep an eye on at 0.9572 and 0.9557 and 0.9540 areas again for possible longs.
Counter shorts from the WR1 pivot at 0.9650 and WR2 at 0.9696 areas.
Notes:
If we make new higher highs without the correction follow price with your fib to get the adjusted long zone for the week.
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8) CAD/JPY on the 4 hour chart:
The direction indicator is long the 4 hour AND THE daily chart and we closed plus 66 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 82.14 and 81.85 with areas to keep an eye on at 82.14 and 82.00 and 81.85 areas again for possible longs.
Counter shorts from the WR1 pivot at 82.92 and WR2 at 83.31 areas.
Notes:
If we make new higher highs without the correction follow price with your fib to get the adjusted long zone for the week.
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Happy trading….
Look out for some catch up post this week in the forum.
Pierre