{"id":2253,"date":"2017-06-27T12:37:41","date_gmt":"2017-06-27T11:37:41","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=2253"},"modified":"2024-05-24T14:55:43","modified_gmt":"2024-05-24T13:55:43","slug":"earth-sky-analysis-27-june-2017","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/earth-sky-analysis-27-june-2017\/","title":{"rendered":"Earth and Sky Analysis: 27 June 2017"},"content":{"rendered":"<p>Good morning everyone.<\/p>\n<p>I hope you are all well, healthy and ready for this week&#8217;s trading.<\/p>\n<p>Please take note this week as I had to look at loads of DAILY charts this week for the Earth and Sky trading zone. In my write up I explained under each one, if I had to fib the daily chart, why I had to move to the daily chart so that you can get an better understanding when to fib the 4 hour and when to fib the daily chart.<\/p>\n<p>Let&#8217;s get straight in to it&#8230;&#8230;&#8230;..<\/p>\n<p><strong><u>The Spaghetti indicator:<\/u><\/strong><\/p>\n<p>All the currencies are flat this morning ON THE 4 HOUR chart 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.<\/p>\n<p>HOWEVER&#8230;&#8230;if we look at the daily chart with the spaghetti we can see the CAD and NZD currencies are overbought with the JPY currency that&#8217;s oversold&#8230;&#8230;so keep an eye on them for possible trade set ups this week too.<\/p>\n<p><u>4 Hour:<\/u><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-30388 size-full\" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2017\/06\/4-2.png\" alt=\"\" width=\"899\" height=\"218\" title=\"\"><\/p>\n<p><u>Daily :<\/u><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-30389 size-full\" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2017\/06\/5.png\" alt=\"\" width=\"885\" height=\"220\" title=\"\"><\/p>\n<p>Remember&#8230;..we only use the spaghetti on the 4 hour and daily charts.<\/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>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: Plus 9 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>The main trend is up&#8230;.however last week we closed min 6 pips lower than the opening so we were flat&#8230;..that is why I will stay on the daily chart.<\/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 1.1069 and 1.0954 levels<\/p>\n<p>Potential area to look for reaction: At the 38.2 fib at 1.1124 and 1.1093 levels<\/p>\n<p>Potential Profit take areas: At the 1.1236 and 1.1301 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 1.1299 and 1.1396 levels.<\/p>\n<p>Potential Profit take areas: At the 1.1181 and \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>If the 55 EMA at 1.1093 breaks to the downside, be careful as we can then drop to the MS1 pivot at 1.0965 and even as low as 1.0923 where we have the daily 200 EMA where I will re look to long.<\/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\u00a04 hour\u00a0 chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Plus 24 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>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 124.51 and 124.09 levels<\/p>\n<p>Potential area to look for reaction: At the 124.30 levels.<\/p>\n<p>Potential Profit take areas: At the 124.97 and 125.37 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 125.20 and 125.37 levels.<\/p>\n<p>Potential Profit take areas: At the 1224.71 and 124.51 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>Potential counter short on the cards&#8230;but I will prefer if price can close under the WR1 pivot at 124.97 first.<\/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\u00a0DAILY chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Plus 18 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><strong><em>Last week we closed only plus 18 pips higher \u00a0than the opening so we were flat &#8211; <\/em><\/strong><strong><em>&#8230;..that is why I will stay on the daily chart<\/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 0.8623 and 0.8502 levels<\/p>\n<p>Potential area to look for reaction: At the 38.2 fib at 0.8680 and 0.8620 and 0.8571 levels.<\/p>\n<p>Potential Profit take areas: At the 0.8784 and 0.8858 levels.<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: No man`s land<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 0.8858 levels.<\/p>\n<p>Potential Profit take areas: At the 0.8681 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>Looks like we might be trapped in a triangle so wait for a break out.<\/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 28 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>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 1.2708 and 1.2764 levels<\/p>\n<p>Potential area to look for reaction: At the 1.2751 and 1.2774 and 1.2789 levels.<\/p>\n<p>Potential Profit take areas: At the 1.2624 and 1.2595 levels.<\/p>\n<p>MACDEE Divergence: No<br \/>\nStochastic: Coming out of oversold.<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 1.2624 and 1.2595 levels.<\/p>\n<p>Potential Profit take areas: At the 1.2681 and 1.2708 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 200 EMA at 1.2789 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\u2026\u2026\u2026&#8230;.<\/p>\n<p><strong><u>5)\u00a0GBP\/JPY on the\u00a0DAILY chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Plus 3 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><u>Notes:<\/u><\/strong><\/p>\n<p>Sitting on my hands for now. My bias is still short&#8230;..if we look at the posistive correlated GBP\/Dollar as guide too&#8230;&#8230;however we above loads of EMA`S currently giving support so I will wait for price to break that first to the downside before I will re look to short.<\/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\u00a0DAILY 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>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>Main trend is up hoever last week we closed min 47 pips lower than the opening so we were trending down&#8230;that is why I had 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 0.7482 and 0.7406 levels<\/p>\n<p>Potential area to look for reaction: At the 38.2 fib at 0.7522 levels.<\/p>\n<p>Potential Profit take areas: At the 0.7635 and 0.7664 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 0.7635 and 0.7664 levels.<\/p>\n<p>Potential Profit take areas: At the 0.7545 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>Currently in no man&#8217;s land&#8230;..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>7)\u00a0Aussie\/JPY on the DAILY chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Min 32 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>Main trend is up however last week we closed min 47 pips lower than the opening so we were trending down&#8230;that is why I had 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 83.43 and 82.61 levels<\/p>\n<p>Potential area to look for reaction: At the 83.95 and 83.58 levels.<\/p>\n<p>Potential Profit take areas: At the 85.00 levels<\/p>\n<p>MACDEE Divergence: YES !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!<br \/>\nStochastic: Overbought<\/p>\n<p><strong><em><u>Counter Trades:<\/u><\/em><\/strong><\/p>\n<p>Potential Counter Trades: At the 85.00 and 85.34 levels.<\/p>\n<p>Potential Profit take areas: At the 84.00levels<\/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, follow price with your fib to get the adjusted trading zone for the week.<\/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: Plus 28 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 direction on the daily is mixed but long on the 4 hour chart&#8230;.however &#8211; if we look at the dollar index the direction is down &#8211; so my bias on this pair is still to look for shorts. \u00a0<\/em><\/strong><\/p>\n<p>Price is ABOVE the 200 EMA<br \/>\n34 EMA (sky) is under the 55 EMA (earth)<br \/>\nDirection: MIXED but I will fib for a short zone.<br \/>\nPotential trading zone: Between the 111.61 and 113.01 levels<\/p>\n<p>Potential area to look for reaction: At the 111.83 and 121.31 levels.<\/p>\n<p>Potential Profit take areas: At the 110.00 and 109.27 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 109.27 and 108.81 levels.<\/p>\n<p>Potential Profit take areas: At the 110.66 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 above the cluster EMA`S we have at 111.20 so I\u00a0 will prefer if we can break that to the downside first before I will re look to short this one.<\/p>\n<p><strong><em>If we look at the dollar index the direction is down &#8211; so my bias on this pair is still to look for shorts. \u00a0<\/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\u2026\u2026&#8230;.<\/p>\n<p><strong><u>9)\u00a0USD\/CAD on the\u00a0DAILY chart:<\/u><\/strong><\/p>\n<p>Difference between last week\u2019s open\/close: Plus 44 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>The main direction is down&#8230;..however last week we close plus 44 pips higher than the opening. That is why I moved to the daily chart for the earth and sky 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 1.3478 and 1.3635 levels<\/p>\n<p>Potential area to look for reaction: At the 38.2 fib at 1.3354 and 1.3391 and 1.3405 levels.<\/p>\n<p>Potential Profit take areas: At the 1.3277 and 1.3162 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 1.3151 levels.<\/p>\n<p>Potential Profit take areas: At the 1.3277 and 1.3321 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>Currently in no man`s land &#8211; wait for price to come to you.<\/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 11 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 only closed min 11pips lower than the opening so we very flat on the 4 hour plus the direction is mixed up&#8230;..that is why I why I had to fib the daily chart to get an Earth and Sky short zone for 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 98.08 and 98.97 levels.<\/p>\n<p>Potential area to look for reaction: At the 38.2 fib at 97.62 and 97.87 levels.<\/p>\n<p>Potential Profit take areas: At the 96.87 and 96.53 and 96.28 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 96.28 and 95.87 levels.<\/p>\n<p>Potential Profit take areas: At the 97.12 and 97.29 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 97.65 and main monthly pivot at 97.87 \u00a0to give resistance followed by a short set up.<\/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>Make the video clip bigger to see the levels to see the levels more clearly !!!<\/p>\n<p><iframe src=\"https:\/\/www.youtube.com\/embed\/u7_wTuYJLWs\" 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. I hope you are all well, healthy and ready for this week&#8217;s trading. Please take note this week as I had to look at loads of DAILY charts this week for the Earth and Sky trading zone. In my write up I explained under each one, if I had to fib the [&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_lock_modified_date":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2253","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\/2253"}],"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=2253"}],"version-history":[{"count":1,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/2253\/revisions"}],"predecessor-version":[{"id":219485,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/2253\/revisions\/219485"}],"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=2253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=2253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=2253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}