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pierres-quickieMorning everyone

Well Marc have warned us…….Fotis have warned us…..Judith have warned us and I will jump on the bandwagon  too………..

This will be one of the most testing weeks for the US Dollar currency. No one knows really who will win the election and all we read is speculation ( and as Marc had pointed out, will these people writing the articles and doing all the speculations put their money where their mouth is – I don’t think so) so why should you?

My trading plan for the week:

I will go fish till after the election results …….even then it might not be an bad idée to stay out for another day or two.

Not to take any trades……..will also be a position !!

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FOR THE DIE HARD TRADERS OUT THERE 🙂

Here is my Monday morning quickie but be warned !!

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1) Euro Index on the 4 hour chart:

Currently we are trapped in a triangle on this one. I will re look to short from 102.13 where we have last week’s high and WR1 pivot and to long from the WS1 pivot and 200 EMA at 101.18.

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2) Euro Dollar on the DAILY chart:

Last week we closed plus 113pips higher than last week’s opening so we can’t fib the 4hour chart (last week) to get the Earth and Sky zone for trading with the main trend.

Currently I have an Earth and Sky short zone between 1.1048 and 1.1146 with areas to keep an eye on at 1.1058 and 1.1082 and main level at 1.1141 for solid resistance before I will look to short

Possible counter longs from 1.0844

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3) Euro JPY on the 4 hour chart:

Big jump late Friday night. Possible double top here at 115.68 and key resistance at 116.00 where I will re look for possible counter shorts back down to 114.62.

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4) Euro GBP on the 4 hour chart:

Big drop last week and we broke most of the EMA`S to the downside……except the 4 hour 200 EMA at 0.8867 so this will be a key support level for possible long set up`s back to the weekly main pivot and slightly higher the 55 EMA at 0.8950.

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 5) GBP Dollar on the DAILY chart:

Currently I have an Earth and Sky short zone between 1.2485 and 1.2713 with areas to keep an eye on at 1.2485 and 1.2596 for solid resistance before I will look to sort.

Possible counter longs from 1.2234 and 1.2029 and 1.1983

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6) GBP JPY on the DAILY chart:

Currently I have an Earth and Sky short zone between 127.73 and 129.98 with areas to keep an eye on at 130.11/27/74 for solid resistance before I will look to sort.

Possible counter longs from 127.62 and 125.17

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7) Aussie Dollar on the DAILY chart:

We broke the triangle I showed you last week to the upside…..but we going sideways at the moment. I will re look to short from the MR1 pivot and last month’s high area at 0.7725/35. Look to the left of the chart…..what do you see.

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8) Aussie JPY on the 4 hour chart:

Sitting on my hands for now with this one

We opened this week with a big GAP that can close again but we have a 200 and 55 EMA in the way so be careful if you trade the GAP.

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9) Dollar JPY on the 4 hour chart:

Sitting on my hands for now with this one

We opened this week with a big GAP that can close again but we have a 200 and 2 x 55 EMA`s in the way so be careful if you trade the GAP.

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10) Dollar CAD on the DAILY chart:

Currently I have an Earth and Sky long zone between 1.3236 and 1.3121 with areas to keep an eye on at 1.3261 AND 1.3231 AND 1.3135 for solid support before I will look to long.

Possible counter shorts from 1.3465 and 1.3566

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11) Dollar Index on the DAILY chart:

Last week we closed min 99 pips lower than last week’s opening so we can’t fib last week’s 4 hour chart to get the Earth and Sky long zone trading with the main trend….so we fib the daily.

Currently I have an Earth and Sky long zone between 97.28 and 96.37 with areas to keep an eye on at  97.32 and 97.03 for solid support before I will look to long.

Possible counter shorts from 99.12  and 99.44

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I will be back tomorrow morning with an comprehensive Earth and Sky analysis

Regards

Pierre

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