Hi everyone

Whats up or down this week?

Lets have a look at some chart……

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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 on the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 102 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 1.3632 and 1.3575 with areas to keep an eye on at 1.3632 and 1.3605 and 1.3575 areas again for possible longs.

Counter shorts from the WR1 pivot at 1.3776 areas.

Notes:

If we break the 75% fib for some reason to the downside then re look for support at the 200 EMA and WS1 pivot at 1.3550 and 1.3536 areas for possible longs.

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 2) GBP/CAD on the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 126 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 1.7321 and 1.7259 with areas to keep an eye on at 1.7321 and 1.7292 and 1.7271 areas again for possible longs.

Counter shorts from the WR1 pivot at 1.7497 areas.

Notes:

If we break the 75% fib for some reason to the downside then re look for support at the 200 EMA and last weeks low at 1.7200 areas for possible longs.

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 3) GBP/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 141.34 and 140.84 with areas to keep an eye on at 141.34 and 141.11 and 140.84 areas again for possible longs.

Counter shorts from the WR1 pivot at 142.73 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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 4) NZD/CAD on the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 56 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 0.9107 and 0.9073 with areas to keep an eye on at 0.9107 areas again for possible longs.

Counter shorts from the WR1 pivot at 0.9177 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) NZD/SGD on the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 51 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 0.9506 and 0.9473 with areas to keep an eye on at 0.9506 and 0.9490 and 0.9477 areas again for possible longs.

Counter shorts from the WR1 pivot at 0.9580 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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 Possible support or resistance levels that can trigger trades……

  • Euro/CAD at the 200 EMA and 55 EMA at 1.5510 and 1.5518 for possible shorts.

  • Euro/NZD at the weekly main pivot at 1.6945 and the 200 EMA at 1.7032 for possible shorts to set up from.

  • Aussie/NZD at the WS1 pivot and EMA`s at 1.0703 for support and possible longs to set up from

Happy trading….

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

Pierre