{"id":2258,"date":"2017-06-28T14:24:25","date_gmt":"2017-06-28T13:24:25","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=2258"},"modified":"2024-05-24T14:30:56","modified_gmt":"2024-05-24T13:30:56","slug":"joy-living-third-world-country","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/joy-living-third-world-country\/","title":{"rendered":"The Joy Of Living In A Third World Country!"},"content":{"rendered":"

Hi everyone.<\/p>\n

Marc just dropped me a note telling me that he is having a problems with the internet on the Island and can’t manage to upload his midweek update to the FMP site.<\/p>\n

Problem for me too as I had some maintenance scheduled on my lines for today after yet another gail force wind hit our town…..so I had to wait for them to finish the job this morning.<\/p>\n

Unfortunately a little later than usual ……but never fear with Forex Mentor Pro that’s near……here is my MID WEEK update for the Earth and Sky.<\/p>\n

They joy`s of working in the remote parts of the world…..You just have to love it !!<\/p>\n

PS…..Marc gave US some homework. <\/strong><\/p>\n

He said that loads of trades triggered on the one hour system and we need to have a look and see if we can spot them……he will show us later in the webinar the ones that did trigger and why they were good setups.<\/p>\n

Let’s have a look at some updates: \u00a0<\/u><\/strong><\/p>\n

1) Euro Dollar on the DAILY chart:<\/u><\/strong><\/p>\n

We made highs this week so we had to follow it with the fib to get the adjusted zone for the week.<\/p>\n

Currently I have an\u00a0Earth and Sky long zone<\/strong>\u00a0between 1.1115 and 1.0977 with areas to keep an eye on at the 38.2 fib at 1.1194 and 1.1142 and 1.1118 as we have the monthly main pivot here, plus a 4 hour 200 EMA and if that breaks look at the 55 EMA at 1.1098 support areas where after I will re look to long this pair again.<\/p>\n

If the 55 EMA breaks to the downside, be careful as we can then drop to visit the MS1 pivot and daily 200 EMA at 1.0965 where I will re look to long.<\/p>\n

Possible counter shorts at 1.1396 as this is the MR1 pivot !!<\/p>\n

If we make new highs here follow price with your fib to get the adjusted trading zone for the week.<\/strong><\/p>\n

\"\"<\/p>\n

and negative correlated Dollar\/CHF on daily chart:\u00a0<\/strong><\/p>\n

\"\"<\/p>\n

……………………………………………………………….<\/strong><\/p>\n

2) Euro JPY on the 4 hour and DAILY \u00a0chart:<\/u><\/strong><\/p>\n

We made highs this week so we had to follow it with the fib to get the adjusted zone for the week.<\/p>\n

Currently I have an\u00a0Earth and Sky long zone<\/strong>\u00a0between 125.75 and 124.69 with areas to keep an eye on at the 55 EMA at 124.96 and the WS1 pivot support areas where after I will re look to long this pair again.<\/p>\n

If we make new highs here follow price with your fib to get the adjusted trading zone for the week.<\/strong><\/p>\n

……………………………………………………………….<\/strong><\/p>\n

3) Euro GBP on the DAILY chart :<\/u><\/strong><\/p>\n

MAIN TREND IS STILL LONG.<\/p>\n

However…..The triangle broke to the upside but be careful now with longs. I will look for possible counter trades from the MR1 pivot at 0.8858 and 0.8925 and the MR2 pivot at 0.8989<\/p>\n

\"\"<\/p>\n

……………………………………………………………….<\/strong><\/p>\n

\u00a04) GBP Dollar on the 4 hour chart:<\/u><\/strong><\/p>\n

Price broke to the upside….Sitting on my hands for now.<\/p>\n

Keep an eye on the WR1 pivot at 1.2849 as a resistance area but keep in mind we have loads of EMA`S to the downside that can form support if you get a counter trade.<\/p>\n

……………………………………………………………….<\/strong><\/p>\n

5) GBP JPY on the 4 hour chart:<\/u><\/strong><\/p>\n

Sitting on my hands for now.<\/p>\n

Keep an eye on the WR2 pivot at 144.08 as a resistance area but keep in mind we have loads of EMA`S to the downside that can form support if you get a counter trade.<\/p>\n

This one however have more room to the downside before we hit support than the correlated GBP\/Dollar pair.<\/p>\n

………………………………………………………………<\/strong><\/p>\n

6) Aussie Dollar on the DAILY chart:<\/u><\/strong><\/p>\n

Last week we closed min 47 pips lower than the opening but the main trend is up. That is why I had to fib the daily chart for the long zone.<\/p>\n

Currently I have an\u00a0Earth and Sky long zone<\/strong>\u00a0between 0.7482 and 0.7406 with areas to keep an eye on at the 38.2 fib at 0.7518 areas where after I will re look to long this pair again.<\/p>\n

Possible counter shorts at 0.7635 and 0.7664 levels<\/p>\n

………………………………………………………………<\/strong><\/p>\n

7) Aussie JPY on the DAILY chart:<\/u><\/strong><\/p>\n

This one made new highs so we had to follow it with the fib to get the adjusted zone.<\/strong><\/p>\n

Currently I have an\u00a0Earth and Sky long zone<\/strong>\u00a0between 83.65 and 82.72 with areas to keep an eye on at the cluster EMA`S at 84.27\/09 and 83.59 areas where after I will re look to long this pair again.<\/p>\n

Possible counter shorts at 85.08 and 85.63 levels<\/p>\n

\"\"<\/p>\n

………………………………………………………………<\/strong><\/p>\n

8) Dollar JPY on the DAILY chart:<\/u><\/strong><\/p>\n

Sitting on my hands. This one is just camping out at the cluster EMA`S at 111.12. If we look at the Dollar Index then the bias is still to look for shorts……so this one can follow….BUT then we first need to close under the cluster EMA`S followed by a M2 set up for a short.<\/p>\n

………………………………………………………………<\/strong><\/p>\n

9) Dollar CAD on the 4 hour chart:<\/u><\/strong><\/p>\n

This one made new lows so we had to follow it with the fib to get the adjusted zone.<\/strong><\/p>\n

Currently I have an\u00a0Earth and Sky short zone<\/strong>\u00a0between 1.3222 and 1.3283 with areas to keep an eye on at the WS1 pivot at 1.3181 and 1.3247 as we also have the 55 there – I will re look to short from here.<\/p>\n

Possible counter longs at 1.3064 and 1.3024 area.<\/p>\n

If we make new lows here follow price with your fib to get the adjusted trading zone for the week.<\/strong><\/p>\n

\"\"<\/p>\n

………………………………………………………………<\/strong><\/p>\n

10) Dollar Index on the Daily chart :<\/u><\/strong><\/p>\n

This one made new lows so we had to follow it with the fib to get the adjusted zone.<\/strong><\/p>\n

Currently I have an\u00a0Earth and Sky short zone<\/strong>\u00a0between 98.00 and 98.94 \u00a0with areas to keep an eye on at the 97.56 (38.2 fib and the 4 hour 200 EMA and monthly main pivot slightly higher) and 97.86 resistance areas where after I will re look to short this index again.<\/p>\n

Possible counter longs at 95.87.<\/p>\n

\"\"<\/p>\n

………………………………………………………………<\/strong><\/p>\n

Regards<\/p>\n

Pierre<\/p>\n

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

\"Trade<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hi everyone. Marc just dropped me a note telling me that he is having a problems with the internet on the Island and can’t manage to upload his midweek update to the FMP site. Problem for me too as I had some maintenance scheduled on my lines for today after yet another gail force wind […]<\/p>\n","protected":false},"author":35,"featured_media":348,"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":"Living in a remote paradise comes with challenges! Marc faces internet issues, and we battle stormy weather. Check our midweek Earth & Sky forex insights!","rank_math_title":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-2258","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\/2258","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=2258"}],"version-history":[{"count":1,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/2258\/revisions"}],"predecessor-version":[{"id":219471,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/2258\/revisions\/219471"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/348"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=2258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=2258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=2258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}