……………………………………………………………….<\/strong><\/p>\n 1) Euro Dollar on the DAILY chart:<\/u><\/strong><\/p>\n Notes: <\/u><\/strong><\/p>\n The direction Indi is short on the 4 hour and mixed on the daily chart.<\/p>\n Looking at the chart we have 4 options this week..<\/p>\n * I will look for support at the daily 200 EMA and MS2 pivot at 1.1499 followed by a long set up.<\/p>\n * If price breaks this level to the downside…..possible M2 short set up.<\/p>\n * I will look for resistance at the cluster EMA`S we have at 1.1766\/79 followed by a short set up.<\/p>\n * If price breaks to the upside for some reason then I will look for a possible M2 long set up.<\/p>\n ……………………………………………………………….<\/strong><\/p>\n 2) Euro JPY on the DAILY chart:<\/u><\/strong><\/p>\n Notes: <\/u><\/strong><\/p>\n The direction Indi is short on the 4 hour and long on the daily chart. We can’t fib the daily to get the long zone today as we have the last day of the month and we already broke this month’s low area.<\/p>\n While the roadblock EMA area between 130.74 and 130.27 holds as support….in my book we still long with the main trend.<\/p>\n Currently we broke the first support area here at the daily 55 EMA at 131.88……so by the looks of it we are on our way to the above mentioned support area.<\/p>\n If we do find support at 130.74 and 130.27 I will re look to long this pair back up to the monthly main pivot and roadblock area we have at 132.00<\/p>\n ……………………………………………………………….<\/strong><\/p>\n 3) Euro GBP on the 4 hour chart :<\/u><\/strong><\/p>\n Difference between last week\u2019s open\/close: Min 76 pips<\/p>\n GAP TRADING:<\/u><\/p>\n Did we open with a gap this week? No<\/p>\n Did the gap close? N\/A<\/p>\n If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.<\/p>\n Earth and Sky Trading Zone for the week:<\/em><\/strong><\/p>\n Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the “adjusted” Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/strong><\/p>\n Price under 200 EMA Potential area to look for reaction: At the 0.8879 and 0.8900 and 0.8930 levels.<\/p>\n Potential Profit take areas: At the 0.8823 and 0.8783 levels<\/p>\n MACDEE Divergence: A little Counter Trades:<\/em><\/strong><\/p>\n Potential Counter Trades: At the 0.8783 levels<\/p>\n Potential Profit take areas: At the 0.8863 and 0.8879 level.<\/p>\n Correlation<\/strong>: This pair is\u00a0POSITIVE CORRELATED (moving in the same direction)<\/strong>\u00a0as the Euro Index, Euro\/Dollar and the Euro\/JPY. Be careful; don\u2019t take the same trades on these four pairs at the same time<\/p>\n Notes:<\/u><\/strong><\/p>\n We have a little bit of MACD divergence so possible support coming up at 0.8800 and 0.8783 followed by a correction.<\/p>\n ……………………………………………………………….<\/strong><\/p>\n \u00a04) GBP Dollar on the 4 hour\u00a0 chart:<\/u><\/strong><\/p>\n Difference between last week\u2019s open\/close: Min 57 pips<\/p>\n GAP TRADING:<\/u><\/strong><\/p>\n Did we open with a gap this week? No<\/p>\n Did the gap close? N\/A<\/p>\n If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.<\/p>\n Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/p>\n Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the “adjusted” Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/strong><\/p>\n Price ABOVE the 200 EMA Potential area to look for reaction: At the 1.3206 and 1.3232 levels.<\/p>\n Potential Profit take areas: At the 1.3100 and 1.3076 and 1.3048 levels<\/p>\n MACDEE Divergence: No Counter Trades:<\/u><\/em><\/strong><\/p>\n Potential Counter Trades: At the 1.3048 levels<\/p>\n Potential Profit take areas: At 1.3165 levels<\/p>\n 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 Correlation:<\/strong>\u00a0This pair is\u00a0POSITIVE CORRELATED (moving in the same direction)<\/strong>\u00a0as the GBP\/JPY pair. Be careful; don\u2019t take the same trades on both pairs at the same time!<\/p>\n Notes:<\/u><\/strong><\/p>\n I will prefer if we can break and close under the cluster EMA`S at 1.3184 before I will be happy to look for a short.<\/p>\n ……………………………………………………………….<\/strong><\/p>\n 5) GBP JPY on the DAILY chart:<\/u><\/strong><\/p>\n Difference between last week\u2019s open\/close: Min 106 pips<\/p>\n GAP TRADING:<\/u><\/strong><\/p>\n Did we open with a gap this week? No<\/p>\n Did the gap close? N\/A<\/p>\n If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.<\/p>\n Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/p>\n Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the “adjusted” Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/strong><\/p>\n Last week we close lower than the opening so price was trending down….we can fib the 4 hour to get a long zone and had to fib the daily chart.<\/strong><\/p>\n Price is above the 200 EMA Potential area to look for reaction: At the 149.00 and 148.41 levels.<\/p>\n Potential Profit take areas: At the 150.85 and 151.65 levels.<\/p>\n MACDEE Divergence: No Counter Trades:<\/u><\/em><\/strong><\/p>\n Potential Counter Trades: At the 150.85 and 152.32 levels<\/p>\n Potential Profit take areas: At the 149.49 and 148.40\u00a0 levels<\/p>\n 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 Correlation:<\/strong>\u00a0This pair is\u00a0POSITIVE CORRELATED (moving in the same direction)<\/strong>\u00a0as the GBP\/Dollar pair. Be careful; don\u2019t take the same trades on both pairs at the same time!<\/p>\n Notes:<\/u><\/strong><\/p>\n Be careful with this currency pair as it can be a wild horse.<\/p>\n ………………………………………………………………<\/strong><\/p>\n 6) Aussie Dollar on the 4 hour chart:<\/u><\/strong><\/p>\n Difference between last week\u2019s open\/close: Min 139 pips.<\/p>\n GAP TRADING:<\/u><\/strong><\/p>\n Did we open with a gap this week? No<\/p>\n Did the gap close? N\/A<\/p>\n If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.<\/p>\n Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/p>\n Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the “adjusted” Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/strong><\/p>\n Price is under the 200 EMA Potential area to look for reaction: At the 38.2 fib at 0.7705 and 0.7733 and 0.7741 levels<\/p>\n Potential Profit take areas: At the 0.7625 and 0.7583 levels<\/p>\n MACDEE Divergence: No Counter Trades:<\/u><\/em><\/strong><\/p>\n Potential Counter Trades: At the 0.7625 and 0.7583 levels.<\/p>\n Potential Profit take areas: At the 0.7705 levels<\/p>\n 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 Correlation:<\/strong>\u00a0This pair is\u00a0POSITIVE CORRELATED<\/strong>\u00a0(moving in the same direction)<\/strong>\u00a0as the AUD\/JPY pair. Be careful; don\u2019t take the same trades on both pairs at the same time!<\/p>\n Notes:<\/u><\/strong><\/p>\n Keep an eye on the main weekly pivot and 38.2 fib at 0.7705 as first resistance roadblock this week.<\/p>\n ………………………………………………………………<\/strong><\/p>\n 7) Aussie JPY on the 4 hour chart:<\/u><\/strong><\/p>\n Difference between last week\u2019s open\/close: Min 184 pips<\/p>\n GAP TRADING:<\/u><\/strong><\/p>\n Did we open with a gap this week? No<\/p>\n Did the gap close? NA<\/p>\n If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.<\/p>\n Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/p>\n Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the “adjusted” Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/strong><\/p>\n Price is under the 200 EMA Potential area to look for reaction: At the 38.2 fib at 87.77 and 87.93 levels.<\/p>\n Potential Profit take areas: At the 86.78 and 86.46 levels<\/p>\n MACDEE Divergence: YES !!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Counter Trades:<\/u><\/em><\/strong><\/p>\n Potential Counter Trades: At the 86.46 levels.<\/p>\n Potential Profit take areas: At the 87.77 levels<\/p>\n 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 Correlation:<\/strong>\u00a0This pair is\u00a0POSITIVE CORRELATED<\/strong>\u00a0(moving in the same direction)<\/strong>\u00a0as the AUD\/USD pair. Be careful; don\u2019t take the same trades on both pairs at the same time!<\/p>\n Notes:<\/u><\/strong><\/p>\n We have MACD divergence showing up on the 4 hour chart so possible correction on its way.<\/p>\n ………………………………………………………………<\/strong><\/p>\n 8) Dollar JPY on the DAILY chart:<\/u><\/strong><\/p>\n Difference between last week\u2019s open\/close: Min 29 pips<\/p>\n GAP TRADING:<\/u><\/strong><\/p>\n Did we open with a gap this week? No<\/p>\n Did the gap close? N\/A<\/p>\n If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.<\/p>\n Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/p>\n Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the “adjusted” Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/strong><\/p>\n Last week we closed min 29 pips lower than the opening price so we trending down but the main trend is still long……so we have to fib the daily chart.<\/strong><\/p>\n Price is above the 200 EMA Potential area to look for reaction: At the 112.71 and 112.45 levels.<\/p>\n Potential Profit take areas: At the 114.38 levels<\/p>\n MACDEE Divergence: No Counter Trades:<\/u><\/em><\/strong><\/p>\n Potential Counter Trades: At the 114.38 and 114.70 levels.<\/p>\n Potential Profit take areas: At the 113.39 levels<\/p>\n 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 Notes:<\/u><\/strong><\/p>\n While the daily 55 EMA at 112.13 holds……my bias will be to look for longs.<\/p>\n ………………………………………………………………<\/strong><\/p>\n 9) Dollar CAD on the 4 hour chart:<\/u><\/strong><\/p>\n Difference between last week\u2019s open\/close: Plus 188 pips<\/p>\n GAP TRADING:<\/u><\/strong><\/p>\n Did we open with a gap this week? No<\/p>\n Did the gap close? N\/A<\/p>\n If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.<\/p>\n Earth and Sky Trading Zone for the week:<\/u><\/em><\/strong><\/p>\n Remember, if price don\u2019t give us the pull back but instead make new lows\/highs follow price with your fib to get the “adjusted” Earth and Sky\u00a0Trading\u00a0Zones for the week.<\/strong><\/p>\n Price is above the 200 EMA Potential area to look for reaction: At the 1.2762 and 1.2724 levels.<\/p>\n Potential Profit take areas: At the 1.2833 and 1.2911 levels<\/p>\n MACDEE Divergence: No Counter Trades:<\/u><\/em><\/strong><\/p>\n Potential Counter Trades: At the 1.2911 and 1.2952 levels.<\/p>\n Potential Profit take areas: At the 1.2783 levels<\/p>\n 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 ………………………………………………………………<\/strong><\/p>\n 10) Dollar Index on the 4 hour chart :<\/u><\/strong><\/p>\n Difference between last week\u2019s open\/close: Plus 98 pips<\/p>\n GAP TRADING:<\/u><\/strong><\/p>\n Did we open with a gap this week? No<\/p>\n Did the gap close? N\/A<\/p>\n If the gap didn’t close, pop over to the education tab – Look under Marc`s name for his “Gap Trading Strategy” and how to trade it.<\/p>\n
\n34 EMA (sky) under the 55 EMA (earth)
\nDirection: Short
\nPotential trading zone: Between the 0.8863 and 0.8930 levels<\/p>\n
\nStochastic: Oversold<\/p>\n
\n34 EMA (sky) is UNDER the 55 EMA (earth)
\nDirection: Mixed
\nPotential trading zone: Between the 1.3180 and 1.3232 levels<\/p>\n
\nStochastic: No man’s land<\/p>\n
\n34 EMA (sky) is above the 55 EMA (earth)
\nDirection: Long
\nPotential trading zone: Between the 149.30 and 148.13 levels<\/p>\n
\nStochastic: No man’s land<\/p>\n
\n34 EMA (sky) is under the 55 EMA (earth)
\nDirection: Short
\nPotential trading zone: Between the 0.7730 and 0.7782 levels<\/p>\n
\nStochastic: No man’s land<\/p>\n
\n34 EMA (sky) is under the 55 EMA (earth)
\nDirection: Short
\nPotential trading zone: Between the 87.93 and 88.51 levels<\/p>\n
\nStochastic: Oversold<\/p>\n
\n34 EMA (sky) is above the 55 EMA (earth)
\nDirection: Long
\nPotential trading zone: Between the 113.06 and 112.36 levels<\/p>\n
\nStochastic: Overbought on daily but oversold on 4 hour chart.<\/p>\n
\n34 EMA (sky) is above the 55 EMA (earth)
\nDirection: Long
\nPotential trading zone: Between the 1.2762 and 1.2687 levels<\/p>\n
\nStochastic: No man’s land<\/p>\n
![\"Trade](\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2017\/01\/728x90-.jpg "\\"\\"")
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