{"id":214431,"date":"2018-01-15T12:58:28","date_gmt":"2018-01-15T12:58:28","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=214431"},"modified":"2024-05-24T18:25:10","modified_gmt":"2024-05-24T17:25:10","slug":"quick-monday-morning-analysis","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/quick-monday-morning-analysis\/","title":{"rendered":"Quick Monday Morning Analysis!!!"},"content":{"rendered":"<p>Good morning everyone.<\/p>\n<p>How you all doing this Martin Luther King day ?<\/p>\n<p>I am expecting a slow day as we have a bank holiday in the USA today &#8211; however&#8230;&#8230;we do have some pairs thats hitting key levels this morning.<\/p>\n<p><strong>Pairs that stands out for me is morning will have to be &#8230;&#8230;&#8230;.<\/strong><\/p>\n<p>1) Euro\/Dollar &#8211; Possible counter short<\/p>\n<p>2) GBP\/Dollar &#8211; Possible counter short<\/p>\n<p>3) Aussie\/Dollar &#8211; Possible counter short<\/p>\n<p>4) Dollar CHF \u00a0&#8211; Possible counter long<\/p>\n<p>4) Dollar\/SGD &#8211; Possible counter long<\/p>\n<p>5) Dollar Index &#8211; Possible counter long<\/p>\n<p>So I will be keeping an eye on the above<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.<\/strong><\/p>\n<p><strong>Webinar registrations:\u00a0<\/strong><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-33170 size-medium\" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2018\/01\/ttt-300x81.png\" alt=\"\" width=\"300\" height=\"81\" title=\"\"><\/p>\n<p>TRY to get to the live training sessions, we are able to explain our plans in much greater detail and those who can attend have a better chance of having a profitable week. If you can\u2019t make it then make sure to check out the recording and the notes. As ever some of the trades that we showed in the last session fired and gave pips once more so don\u2019t miss out!<\/p>\n<p><em><strong>Please register for this week\u2019s Forex Mentor Pro Live Training on Tuesday, 16th January 2018 at 11:00 AM GMT (London Time<\/strong><\/em>) at:<\/p>\n<p><a href=\"https:\/\/attendee.gotowebinar.com\/register\/4467352415617566979\" target=\"_blank\" rel=\"noopener\">https:\/\/attendee.gotowebinar.com\/register\/4467352415617566979<\/a><\/p>\n<p>Live training session with Marc Walton. Pierre du Plessis &amp; Judith Waker. The team will assess fundamentals, M2 Earth &amp; Sky &amp; the trigger system for potential trades. Followed by a Q &amp; A session<\/p>\n<p>After registering, you will receive a confirmation email containing information about joining the webinar.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.<\/strong><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-32495\" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2017\/11\/coocking.png\" alt=\"\" width=\"263\" height=\"174\" title=\"\"><\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.<\/strong><\/p>\n<p><strong><u>1) Euro Dollar on the 4 hour chart:<\/u><\/strong><\/p>\n<p>Currently I have an\u00a0<strong>Earth and Sky long zone<\/strong>\u00a0between 1.2079 and 1.1999 with areas to keep an eye on the 38.2 fib at 1.2117 and 1.2039 and 1.2019 support areas where after I will re look to long this pair again.<\/p>\n<p>Possible counter shCoolbeas007rts at 1.2219 and 1.2297 resistance areas.<\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>Currently hitting a monthly pivot with MACD that high so possible counter shorts can be on the cards.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.<\/strong><\/p>\n<p><strong><u>2) Euro JPY on the DAILY chart:<\/u><\/strong><\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>LEAVING IT ALONE FOR NOW as this pair don&#8217;t respect the EMA`S at the moment. Will re look to short from the top area at 136.41 and long from the bottom area at 132.99.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.<\/strong><\/p>\n<p><strong><u>3) Euro GBP on the DAILY chart :<\/u><\/strong><\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>We broke a triangle to the downside&#8230;..and pulled back to the bull trend line currently at 0.8900 so possible shorts can set up from here&#8230;..but be careful.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.<\/strong><\/p>\n<p><strong><u>\u00a04) GBP Dollar on the 4 hour chart:<\/u><\/strong><\/p>\n<p>Currently I have an\u00a0<strong>Earth and Sky long zone<\/strong>\u00a0between 1.3613 and 1.3535 with areas to keep an eye on the 38.2 fib at 1.3650 and 1.3557 and 1.3545 support areas where after I will re look to long this pair again.<\/p>\n<p>Possible counter shorts at 1.3770 and 1.3830 resistance areas.<\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>If price makes a new high follow it with your fib to get the adjusted trading zone for the week.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.<\/strong><\/p>\n<p><strong><u>5) GBP JPY on the WEEKLY chart:<\/u><\/strong><\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>Price bumping the weekly 200 EMA at 153.63 this morning again. This will be a key level to keep an eye on. If it holds&#8230;..short&#8230;..if it breaks to the upside&#8230;.possible M2 long.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026..<\/strong><\/p>\n<p><strong><u>6) Aussie Dollar on the 4 hour chart:<\/u><\/strong><\/p>\n<p>Currently I have an\u00a0<strong>Earth and Sky long\u00a0 zone<\/strong>\u00a0between 0.7884 and 0.7846 with areas to keep an eye on the 38.2 fib at 0.7900 and 0.7878 and 0.7856 and 0.7846 support areas where after I will re look to long this pair again.<\/p>\n<p>Possible counter shorts at 0.7948 and 0.7988 resistance areas.<\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>If we make new highs\u00a0 \u2013 follow price with your fib to get the adjusted trading zone for the week.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026<\/strong><\/p>\n<p><strong><u>7) Aussie JPY on the DAILY chart:<\/u><\/strong><\/p>\n<p><strong>Last week we closed min 105 pips lower than the opening&#8230;..however the main trend is still long so we can&#8217;t fib the 4 hour but have to fib the daily chart for the long zone. <\/strong><\/p>\n<p>Currently I have an\u00a0<strong>Earth and Sky long zone<\/strong>\u00a0between 86.80 and \u00a085.66 with areas to keep an eye on the 38.2 fib at 87.34 and 86.80 and 86.38 support areas where after I will re look to long this pair again.<\/p>\n<p>Possible counter shorts at 89.12 resistance level.<\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>While the daily 200 EMA holds at 86.38 my bias will be to look for long set ups.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026<\/strong><\/p>\n<p><strong><u>8) Dollar JPY on the 4 hour chart:<\/u><\/strong><\/p>\n<p>Currently I have an\u00a0<strong>Earth and Sky short zone<\/strong>\u00a0between 112.06 and 112.77 with areas to keep an eye on the 38.2 fib at 111.73 and 111.99 and 112.52 areas where after I will re look to short this pair again.<\/p>\n<p>Possible counter longs at 110.33 and 109.43 support areas.<\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>If we make new lows \u00a0 \u2013 follow price with your fib to get the adjusted trading zone for the week.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026<\/strong><\/p>\n<p><strong><u>9) Dollar CAD on the DAILY chart:<\/u><\/strong><\/p>\n<p><strong>Last week we closed plus 65 pips lower than the opening&#8230;..however the main trend is still short so we can&#8217;t fib the 4 hour but have to fib the daily chart for the short zone. <\/strong><\/p>\n<p>Currently I have an\u00a0<strong>Earth and Sky short zone<\/strong>\u00a0between 1.2646 and 1.2780 with areas to keep an eye on the 38.2 fib at 1.2572 and 1.2646 and 1.2700 and 1.2773 areas where after I will re look to short this pair again.<\/p>\n<p>Possible counter longs at 1.2356 and 1.2300<\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>Currently in no man&#8217;s land so wait for price to come to you !!<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026<\/strong><\/p>\n<p><strong><u>10) Dollar SGD on the 4 hour chart:<\/u><\/strong><\/p>\n<p>Currently I have an\u00a0<strong>Earth and Sky short zone<\/strong>\u00a0between 1.3286 and 1.3328 with areas to keep an eye on the 38.2 fib at 1.3266 and 1.3285 and 1.3300 and 1.3317 resistance areas where after I will re look to short this pair again.<\/p>\n<p>Possible counter longs at the WS1 pivot at 90.29<\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>Hitting first support roadblock this morning at the WS1 pivot so possible support coming up.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026<\/strong><\/p>\n<p><strong><u>11) Dollar Index on the 4 hour chart:<\/u><\/strong><\/p>\n<p>Currently I have an\u00a0<strong>Earth and Sky short zone<\/strong>\u00a0between 91.64 and 92.15 with areas to keep an eye on the 38.2 fib at 91.41 and 91.64 and 91.90 and 92.00 resistance areas where after I will re look to short this pair again.<\/p>\n<p>Possible counter longs at the MS1 pivot at 91.48<\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>Wait for price to come to you !!!<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026<\/strong><\/p>\n<p><strong>See you all tomorrow with a comprehensive Earth and Sky analysis.<\/strong><\/p>\n<p>Regards<\/p>\n<p>Pierre<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning everyone. How you all doing this Martin Luther King day ? I am expecting a slow day as we have a bank holiday in the USA today &#8211; however&#8230;&#8230;we do have some pairs thats hitting key levels this morning. Pairs that stands out for me is morning will have to be &#8230;&#8230;&#8230;. 1) [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":645,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","rank_math_focus_keyword":"","rank_math_description":"Forex Mentor Pro offers a quick Monday morning analysis with key levels and trade setups for various currency pairs. Stay updated on potential trades!","rank_math_title":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-214431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-analysis"],"_links":{"self":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/214431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/comments?post=214431"}],"version-history":[{"count":2,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/214431\/revisions"}],"predecessor-version":[{"id":219533,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/214431\/revisions\/219533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/645"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=214431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=214431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=214431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}