{"id":2233,"date":"2017-06-13T12:46:29","date_gmt":"2017-06-13T11:46:29","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=2233"},"modified":"2024-05-24T22:53:53","modified_gmt":"2024-05-24T21:53:53","slug":"earth-sky-analysis-13-june-2017","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/earth-sky-analysis-13-june-2017\/","title":{"rendered":"Earth and Sky Analysis: 13 June 2017"},"content":{"rendered":"<p>Good morning everyone.<\/p>\n<p>Whats up and whats down this morning?<\/p>\n<p>Looking at my chart this morning, we can see that the Euro\/Dollar is still slow to move. We camping out at the 4 hour 55 EMA at the psychological level at 1.1200 but no real movement and I will prefer a break to the downside to at least the 38.2 fib as we also have the monthly main pivot and 4 hour mother in laws dining room table here (200 EMA) that can give support before I will re look to long this pair.<\/p>\n<p>We had a very very big tumble yesterday on the Dollar\/CAD. This move was over 200 pips and we broke the key mother in laws dining room table (the daily 200 EMA) at 1.3367 to the downside taking out the WS2 pivot too&#8230;.Now we highly oversold and we might find support this morning at the WR3 pivot at 1.3288 for a set up to counter long again. If we do get into any counter longs, take note of the WS2 pivot (now resistance) and the 4 hour 200 EMA at 1.3367 as profit take area.<\/p>\n<p>Let&#8217;s have a look:<\/p>\n<p><strong><u>The Spaghetti indicator:<\/u><\/strong><\/p>\n<p>Most currencies are flat this morning so I will wait for the Indi to show me later on what&#8217;s overbought and what&#8217;s oversold and then sift my focus to the charts to spot potential set ups at key road block areas. The GBP and the CAD currencies however \u00a0are way overbought\/oversold so keep an eye on them&#8230;..HOWEVER&#8230;&#8230;.on most of the GBP`s IT WILL BE COUNTER TRADES so take care.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-30209 size-full\" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2017\/06\/1-6.png\" alt=\"\" width=\"832\" height=\"181\" title=\"\"><\/p>\n<ul>\n<li>If you want to add the overbought and oversold areas to this Indi&#8230;..right click on the RS all Indi&#8230;&#8230;then go to the RS All properties&#8230;&#8230;.here we go to the levels tab&#8230;..then add the 8 and 13 and min 8 and min 13 line and click on OK.<\/li>\n<li>Remember then to save a new template.<\/li>\n<\/ul>\n<p>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/p>\n<p><strong><u>Pairs that`s hitting their weekly range:<\/u><\/strong><\/p>\n<p>We also can keep an eye on the GBP\/CAD, USD\/CAD,Aussie\/CAD and Euro\/CAD as they are already hitting their weekly range.Remember if we do get set ups on them that it will be counter trades.<strong>Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!<\/strong><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-30218 \" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2017\/06\/dig-1.png\" alt=\"\" width=\"262\" height=\"575\" title=\"\"><\/p>\n<p>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/p>\n<p><strong>1)\u00a0`Red Flag News`<em><u>\u00a0<\/u><\/em>that can make you lose your pants if you are not careful.<em>\u00a0<\/em>\ud83d\udca1<\/strong><\/p>\n<p>You can use the following web site for\u00a0<strong>`SCHEDULED NEWS`<\/strong>\u00a0for the week @\u00a0<a href=\"http:\/\/www.dailyfx.com\/calendar\" target=\"_blank\" rel=\"noopener\">http:\/\/www.dailyfx.com\/calendar<\/a><\/p>\n<p><strong>Don`t take any<u>\u00a0trades\u00a0<\/u>just before\u00a0<em>`Red Flag News`<\/em><\/strong>\u00a0If you are already in a trade, protect your entry. I don\u2019t want to meet up with you at Little Beach, Maui, Hawaii. Did you know this is a nudist beach?<\/p>\n<p>For reference if you don\u2019t want to believe me, have a look at the 4th of April 2013 at all the JPY pairs what happened with price after\u00a0<strong>`Red Flag News`<\/strong>\u00a0came out.\u00a0<strong>ALWAYS TRADE\u00a0WITH A STOP!\u00a0<\/strong><\/p>\n<p>Still don\u2019t believe me? Then you must be new to Forex Trading<\/p>\n<p>Have a look at what the Swiss did to the market on the 15th of January 2015!!<\/p>\n<p><strong>You would have lost the shirt on your back, your house, your car, your personality and your virginity for a 2nd time if you didn\u2019t have a stop in place!!! \ud83d\udc7f<\/strong><\/p>\n<p>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..<\/p>\n<p><strong><em>2) Where is the\u00a0`Forum Hang out Spot`\u00a0that everyone is talking about?<\/em><\/strong><\/p>\n<p><strong><em>On the top of this main page, go to the \u00a0FORUM TAB and click on it&#8230;&#8230;.once in there, look for\u00a0`MAIN FORUM AND CURRENT WEEKS TRADES TAB`\u00a0and click on it&#8230;&#8230;&#8230;Once in there look for\u00a0`Pierre`s Earth and Sky Trading\u00a0week `and click on it&#8230;&#8230;..once in there, look for the current week`s thread tab\u00a0and click on it&#8230;&#8230;&#8230;..easy as pips! \ud83d\ude09<\/em><\/strong><\/p>\n<p>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.\u2026<\/p>\n<p><strong>3) This week`s Analysis:<\/strong><\/p>\n<p>This is my current `Earth and Sky\u00a0Trading\u00a0Zones` \u2013\u00a0Please take note of the time frames I am looking at.\u00a0\u2757<\/p>\n<p>Sometimes I will refer to\u00a0`The mother in law`\u00a0in my video`s or in my write up. The mother in law represents the 200 EMA (the pink line) on that specific time frame.<\/p>\n<p>If you new to the `Earth and Sky`\u00a0method, please make sure you download your free e-book.<\/p>\n<p>Go to the\u00a0`Forex\u00a0Education Tab`\u00a0here in the main blog and look for the `Earth and Sky<u>\u00a0Trading\u00a0<\/u>System`\u00a0where you will\u00a0find helpful videos using this system and some Indi`s I use.<\/p>\n<p>Remember to have a look at some of the other methods we teach here at\u00a0Forex\u00a0Mentor Pro too.<\/p>\n<p>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.\u2026<\/p>\n<p><strong>Let&#8217;s have a look what`s cooking in the FOREX kitchen this morning:<\/strong><\/p>\n<p>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.\u2026&#8230;<\/p>\n<p><strong><u>1)<\/u><\/strong><u>\u00a0<strong>Euro\/Dollar on the DAILY chart:<\/strong><\/u><\/p>\n<p>Difference between last week\u2019s open\/close: Min 74 pips<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221;<\/p>\n<p><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/p>\n<p><strong><em>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/em><\/strong><\/p>\n<p><strong><em>Last week we closed min 74 pips lower than the opening so we can&#8217;t fib the 4 hour chart, but have to fib the daily chart for the long zone. <\/em><\/strong><\/p>\n<p>Price is above the 200 EMA<br \/>\n34 EMA (sky) is above the 55 EMA (earth)<br \/>\nDirection: Long<br \/>\nPotential trading zone: Between the 1.1063 and 1.0950 levels<\/p>\n<p>Potential area to look for reaction: At the 38.2 fib at 1.1101 and 1.1045 and 1.1006 levels.<\/p>\n<p>Potential Profit take areas: At the 1.1217 and 1.1288 levels.<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: No man&#8217;s land<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 1.1288 and 1.1396 levels.<\/p>\n<p>Potential Profit take areas: At the 1.1116 levels.<\/p>\n<p><strong>Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!<\/strong><\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>First roadblock this week will be at the 38.2 fib and 4 hour 200 EMA at 1.1106. We will have to look for solid support before looking to long this pair. If it breaks to the downside&#8230;.then the daily 55 EMA at 1.1045 will be key support too.<\/p>\n<p>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.\u2026\u2026..<\/p>\n<p><strong><u>2)\u00a0Euro\/JPY on the\u00a0DAILY chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Min 102 pips<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/p>\n<p><strong><em>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/em><\/strong><\/p>\n<p><strong><em>Last week we closed min102 pips lower than the opening and the 4 hour direction Indi shows shorts&#8230;. so we can&#8217;t fib the 4 hour chart, but have to fib the daily chart for the long zone.<\/em><\/strong><\/p>\n<p>Price is above the 200 EMA<br \/>\n34 EMA (sky) is above the 55 EMA (earth)<br \/>\nDirection: Long<br \/>\nPotential trading zone: Between the 123.61 and 122.51 levels<\/p>\n<p>Potential area to look for reaction: At the 123.00 and 122.78 levels.<\/p>\n<p>Potential Profit take areas: At the 124.64 and 125.00 and 125.81 levels.<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: No man&#8217;s land<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 124.64 and 125.72 levels.<\/p>\n<p>Potential Profit take areas: At the 123.64 levels.<\/p>\n<p><strong>Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!<\/strong><\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>We currently in the Earth and Sky long zone&#8230;..but on the 4 hour we can see we trapped in a triangle. The main trend is up so I will prefer a break to the upside clearing the 4 hour 55 EMA at 123.70 before looking for long set ups.<\/p>\n<p>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026..\u2026..<\/p>\n<p><strong><u>3)\u00a0Euro\/GBP on the\u00a04 hour chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Plus 27 pips<\/p>\n<p><u>GAP TRADING:<\/u><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/p>\n<p><strong><em>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/em><\/strong><\/p>\n<p>Price is above the 200 EMA<br \/>\n34 EMA (sky) is above the 55 EMA (earth)<br \/>\nDirection: Long<br \/>\nPotential trading zone: Between the 0.8758 and 0.8703 levels<\/p>\n<p>Potential area to look for reaction: At the 0.8766 and 0.8748 levels.<\/p>\n<p>Potential Profit take areas: At the 0.8866 and 0.8883 levels.<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: Overbought<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 0.8866 and 0.8883 levels.<\/p>\n<p>Potential Profit take areas: At the 0.8766 levels.<\/p>\n<p><strong>Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!<\/strong><\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>I will be looking for possible counter shorts once we hit 0.8866 and 0.8883 again.<\/p>\n<p>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026&#8230;.<\/p>\n<p><strong><u>4)\u00a0GBP\/Dollar on the\u00a04 hour chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Min 126 pips.<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/p>\n<p><strong><em>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/em><\/strong><\/p>\n<p><strong><em>The daily is mixed with the direction&#8230;..last week price broke loads of EMA`S to the downside&#8230;..so my bias will be to look for shorts&#8230;&#8230;that is why I fib the 4 hour this week to get a short zone. <\/em><\/strong><\/p>\n<p>Price is under the 200 EMA<br \/>\n34 EMA (sky) is under the 55 EMA (earth)<br \/>\nDirection: Short<br \/>\nPotential trading zone: Between the 1.2809 and 1.2895 levels<\/p>\n<p>Potential area to look for reaction: At the 38.2 fib at 1.2769 and 1.2795 and 1.2822 and 1.2843 levels.<\/p>\n<p>Potential Profit take areas: At the 1.2636 and 1.2595 levels.<\/p>\n<p>MACDEE Divergence: No but if we make new lows we will have.<br \/>\nStochastic: Oversold<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 1.2636 and 1.2595 levels.<\/p>\n<p>Potential Profit take areas: At the 1.2753 levels.<\/p>\n<p><strong>Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!<\/strong><\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>First roadblock this week will be at the 38.2 fib at 1.2768 so keep an eye on that&#8230;.if that breaks to the upside we have loads of EMA`S in the zone for possible resistance to short from.<\/p>\n<p>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026&#8230;.<\/p>\n<p><strong><u>5)\u00a0GBP\/JPY on the\u00a04 hour chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Min 159 pips<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/p>\n<p><strong><em>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/em><\/strong><\/p>\n<p><strong><em>The daily is mixed with the direction&#8230;..last week price broke loads of EMA`S to the downside&#8230;..so my bias will be to look for shorts&#8230;&#8230;that is why I fib the 4 hour this week to get a short zone. <\/em><\/strong><\/p>\n<p>Price is under the 200 EMA<br \/>\n34 EMA (sky) is under the 55 EMA (earth)<br \/>\nDirection: Short<br \/>\nPotential trading zone: Between the 140.89 and 142.00 levels<\/p>\n<p>Potential area to look for reaction: At the 38.2 fib at 140.37 and 141.07 and 141.40\/67 levels.<\/p>\n<p>Potential Profit take areas: At the 139.03 levels<\/p>\n<p>MACDEE Divergence: \u00a0No.<br \/>\nStochastic: Oversold<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 139.03 and 138.67 levels.<\/p>\n<p>Potential Profit take areas: At the 140.37 and 140.89 \u00a0levels.<\/p>\n<p><strong>Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!<\/strong><\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>Possible counter long can set up but remember it&#8217;s a counter trade&#8230;..and it is the GBP !!<\/p>\n<p>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026&#8230;.<\/p>\n<p><strong><u>6)\u00a0Aussie\/Dollar on the\u00a04 hour chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Plus 102 pips.<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/p>\n<p><strong><em>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/em><\/strong><\/p>\n<p><strong><em>The daily is mixed with the direction&#8230;..last week price broke loads of EMA`S to the upside&#8230;..so my bias will be to look for longs&#8230;&#8230;that is why I fib the 4 hour this week to get a long zone. <\/em><\/strong><\/p>\n<p>Price is above the 200 EMA<br \/>\n34 EMA (sky) is above the 55 EMA (earth)<br \/>\nDirection: Long<br \/>\nPotential trading zone: Between the 0.7494 and 0.7458 levels<\/p>\n<p>Potential area to look for reaction: At the 38.2 fib at 0.7511 and 0.7490 and 0.7480 levels.<\/p>\n<p>Potential Profit take areas: At the 0.7567 and 0.7590 levels<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: No man&#8217;s land .<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 0.7590 and 0.7651 levels.<\/p>\n<p>Potential Profit take areas: At the 0.7511 levels<\/p>\n<p><strong>Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!<\/strong><\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>If we make new highs without the correction&#8230;.follow price with the fib so that the long zone can adjust.<\/p>\n<p>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026&#8230;.<\/p>\n<p><strong><u>7)\u00a0Aussie\/JPY on the DAILY chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Plus 99 pips<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/p>\n<p><strong><em>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/em><\/strong><\/p>\n<p><strong><em>The 4 hour is mixed with the direction&#8230;..but the main direction is still down and we still have loads of EMA`S to the upside that can be roadblocks to keep price down&#8230;..so my bias will be to look for shorts&#8230;&#8230;that is why I fib the daily this week to get a short \u00a0zone. <\/em><\/strong><\/p>\n<p>Price is under the 200 EMA<br \/>\n34 EMA (sky) is under the 55 EMA (earth)<br \/>\nDirection: Short<br \/>\nPotential trading zone: Between the 83.16 and 83.86 levels<\/p>\n<p>Potential area to look for reaction: At the 83.16 and 83.29 and 83.51 levels.<\/p>\n<p>Potential Profit take areas: At the 82.09 and 81.77 levels<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: No man&#8217;s land<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 82.09 and 81.77 levels.<\/p>\n<p>Potential Profit take areas: At the 82.74\u00a0 levels<\/p>\n<p><strong>Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!<\/strong><\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>While the daily 200 EMA at 83.50 holds, my bias will be to look for shorts.<\/p>\n<p>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026&#8230;&#8230;&#8230;&#8230;<\/p>\n<p><strong><u>8)\u00a0USD\/JPY on the\u00a0DAILY chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Min 14 pips<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/p>\n<p><strong><em>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/em><\/strong><\/p>\n<p><strong><em>We are very flat on the 4 hour and only closed min 14 pips lower than the opening of last week so I will fib the daily char to get the short zone. <\/em><\/strong><\/p>\n<p>Price is under the 200 EMA<br \/>\n34 EMA (sky) is under the 55 EMA (earth)<br \/>\nDirection: Short<br \/>\nPotential trading zone: Between the 111.78 and 113.09 levels<\/p>\n<p>Potential area to look for reaction: At the 38.2 fib at 111.13 and 111.78 levels.<\/p>\n<p>Potential Profit take areas: At the 110.34 and 109.15 levels<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: Oversold<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 109.27 and 109.00 levels.<\/p>\n<p>Potential Profit take areas: At the 110.34 and 111.13 levels.<\/p>\n<p><strong>Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!<\/strong><\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>Wait for price to come to you.<\/p>\n<p>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026&#8230;.<\/p>\n<p><strong><u>9)\u00a0USD\/CAD on the\u00a04 hour chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Min 47 pips<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/p>\n<p><strong><em>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/em><\/strong><\/p>\n<p><strong><em>Last week we closed min 47 \u00a0pips lower than the opening. We broke the daily 200 EMA to the downside yesterday and had a big bearish move so I will fib the 4 hour chart to get a shorts zone this week.<\/em><\/strong><\/p>\n<p>Price is under the 200 EMA<br \/>\n34 EMA (sky) is under the 55 EMA (earth)<br \/>\nDirection: Short<br \/>\nPotential trading zone: Between the 1.3405 and 1.3472 levels<\/p>\n<p>Potential area to look for reaction: At the 38.2 fib at 1.3373 and 1.3405 and 1.3458 levels.<\/p>\n<p>Potential Profit take areas: At the 1.3288 levels<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: Oversold<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 1.3288 levels.<\/p>\n<p>Potential Profit take areas: At the 1.3355 and 1.3373 and 1.3404 levels.<\/p>\n<p><strong>Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!<\/strong><\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>Highly oversold as we hitting the WS3 pivot this morning at 1.3288 so possible counter long can be on the cards. Take note of the WS2 pivot and 4daily 200 EMA at 1.3367 as a roadblock and profit take.<\/p>\n<p>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..<\/p>\n<p><strong><u>10)\u00a0USD Index on the DAILY chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Plus 49 pips<\/p>\n<p><strong><u>GAP TRADING:<\/u><\/strong><\/p>\n<p>Did we open with a gap this week? No<\/p>\n<p>Did the gap close? N\/A<\/p>\n<p>If the gap didn&#8217;t close, pop over to the education tab &#8211; Look under Marc`s name for his &#8220;Gap Trading Strategy&#8221; and how to trade it.<\/p>\n<p><strong><em><u>Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/p>\n<p><strong><em>Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the &#8220;adjusted&#8221; Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/em><\/strong><\/p>\n<p><strong><em>Last week we closed plus 49 pips higher than the opening, so we can&#8217;t fib the 4 hour chart for a short zone as it was trending up&#8230;.but main trend is still down, that is why I had to fib the daily chart for this week&#8217;s short zone.<\/em><\/strong><\/p>\n<p>Price is under the 200 EMA<br \/>\n34 EMA (sky) is under the 55 EMA (earth)<br \/>\nDirection: Short<br \/>\nPotential trading zone: Between the 98.18 and 99.02 levels.<\/p>\n<p>Potential area to look for reaction: At the 38.2 fib at 97.87 and 98.25 levels.<\/p>\n<p>Potential Profit take areas: At the 97.07 and 96.48 levels.<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: No man&#8217;s land<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 96.48 and 95.87 levels.<\/p>\n<p>Potential Profit take areas: At the 97.07 and 97.87 levels.<\/p>\n<p><strong>Warning: Counter trades are always more riskier than trading with the main trend so change your lot size accordingly if you want to counter trade !!!<\/strong><\/p>\n<p><strong><u>Notes:<\/u><\/strong><\/p>\n<p>Keep an eye on the 38.2 fib at 97.87 as we also have the monthly main pivot and 4 hour 200 EMA waiting here to give resistance.<\/p>\n<p>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..<\/p>\n<p>That`s that. \ud83d\ude42<\/p>\n<p><strong><em>Pop over to the forum if you need any help or have any questions !!!<\/em><\/strong><\/p>\n<p>Regards<\/p>\n<p>Pierre<\/p>\n<p><iframe src=\"https:\/\/www.youtube.com\/embed\/4-nZT0iJVDY\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>If you would like to learn how to trade like a professional AND receive detailed daily analysis BEFORE the event then check out our 5* rated forex mentor program, RISK FREE; by clicking on the \u201cGet Started Today\u201d Button below<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.forexmentorpro.com\/blog\/mw-post\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"alignnone\" src=\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2017\/01\/728x90-.jpg \" alt=\"Trade Plan\" width=\"728\" height=\"90\" title=\"\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning everyone. Whats up and whats down this morning? Looking at my chart this morning, we can see that the Euro\/Dollar is still slow to move. We camping out at the 4 hour 55 EMA at the psychological level at 1.1200 but no real movement and I will prefer a break to the downside [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":773,"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_lock_modified_date":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2233","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\/2233"}],"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=2233"}],"version-history":[{"count":1,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/2233\/revisions"}],"predecessor-version":[{"id":219572,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/2233\/revisions\/219572"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/773"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=2233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=2233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=2233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}