{"id":5083,"date":"2017-11-06T13:22:02","date_gmt":"2017-11-06T13:22:02","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=5083"},"modified":"2018-01-22T17:52:00","modified_gmt":"2018-01-22T17:52:00","slug":"pierres-monday-morning-quick-analysis","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/pierres-monday-morning-quick-analysis\/","title":{"rendered":"Pierre&#8217;s Monday Morning Quick Analysis"},"content":{"rendered":"<p><span style=\"color: #000000;\">Good morning everyone.<\/span><\/p>\n<p><span style=\"color: #000000;\">I hope you all well and ready to rock and roll with the Forex Mentor Pro team this week.<\/span><\/p>\n<p><span style=\"color: #000000;\">My charts looks a little messy this morning so please take note of the time frames I used.<\/span><\/p>\n<p><span style=\"color: #000000;\">The cleaner charts that stands out for me at the moment:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>GBP\/Dollar<\/strong><\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Aussie\/dollar<\/strong><\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>USD\/JPY\u00a0<\/strong><\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Dollar Index<\/strong><\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\"><strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><img decoding=\"async\" class=\"alignnone size-full wp-image-31100\" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2017\/08\/webinartemplate.png\" alt=\"\" width=\"212\" height=\"152\" title=\"\"><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>This Weeks Live Training Session Webinar: <\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">Please register for this week&#8217;s Forex Mentor Pro Live Training on Tuesday 7 November 2017 &#8211; at 11:00 AM BST (London Time) at:<\/span><\/p>\n<p><span style=\"color: #000000;\"><a href=\"https:\/\/attendee.gotowebinar.com\/register\/554797461229463043\" target=\"_blank\" rel=\"noopener\">https:\/\/attendee.gotowebinar.com\/register\/554797461229463043<\/a><\/span><\/p>\n<p><span style=\"color: #000000;\">Live training session with Marc Walton &amp; Judith Waker. <strong>( Sorry mates I cant make tomorrow &#8211; I need to be in Cape Town for some business but as you know&#8230;..you in good hands) \ud83d\ude42\u00a0<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">The team will assess fundamentals, M2 Earth &amp; Sky &amp; the trigger system for potential trades. Followed by a Q &amp; A session<\/span><\/p>\n<p><span style=\"color: #000000;\">After registering, you will receive a confirmation email containing information about joining the webinar.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000000;\"><strong><u>The Spaghetti Indicator:<\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>The 4 hour chart :<\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">The Spaghetti Indi is overbought on the CAD currency this morning and oversold on the GBP currency this morning.<\/span><\/p>\n<p><span style=\"color: #000000;\"><img decoding=\"async\" class=\"aligncenter wp-image-32281 size-full\" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2017\/11\/2.png\" alt=\"\" width=\"846\" height=\"205\" title=\"\"><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>The Daily chart :<\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">The Spaghetti Indi is overbought on the USD, GBP and the JPY currencies this morning and oversold on the CHF and Aussie currencies this morning.<\/span><\/p>\n<p><span style=\"color: #000000;\"><img decoding=\"async\" class=\"aligncenter wp-image-32282 size-full\" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2017\/11\/1.png\" alt=\"\" width=\"841\" height=\"199\" title=\"\"><\/span><\/p>\n<p><span style=\"color: #000000;\">So let&#8217;s keep an eye on that for possible trade set ups from areas of interest (multiple reasons levels areas)<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">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.<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #000000;\">Remember then to save a new template.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\"><strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><img decoding=\"async\" class=\"alignnone size-full wp-image-31129\" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2017\/08\/redflag1.png\" alt=\"\" width=\"116\" height=\"104\" title=\"\"><strong>\u00a0this week:\u00a0<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><img decoding=\"async\" class=\"aligncenter wp-image-32283 size-full\" src=\"https:\/\/www.forexmentorpro.com\/members-area\/wp-content\/uploads\/2017\/11\/44.png\" alt=\"\" width=\"889\" height=\"438\" title=\"\"><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>1) Euro Dollar on the DAILY chart:<\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>Notes: <\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">We long on the 4 hour chart and mixed on the daily chart if we look at the direction indicator. Last week we only closed plus 5 pips higher than the opening so we very flat so we can&#8217;t even fib that.<\/span><\/p>\n<p><span style=\"color: #000000;\">My plan will be to look for shorts between 1.1662 and 1.1738 areas as we have some roadblocks here that can give resistance&#8230;..this is also the neckline area for that head and shoulder pattern that broke to the downside.<\/span><\/p>\n<p><span style=\"color: #000000;\">Otherwise I will re look to long from 1.1474 and 1.1393 again where we a daily 200 EMA and MS2 pivot waiting to give support.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>2) Euro JPY on the WEEKLY chart:<\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>Notes: <\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">Sitting on my hands with this pair. If we look at the weekly chart we can see how the bollinger bands is closing plus we sitting at loads of EMA`S plus we have MACD divergence&#8230;.so all warning signs for a possible deep correction on its way.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>3) Euro GBP on the 4 hour chart :<\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">The daily direction Indi is mixed on the daily but short on the 4 hour &#8211; however we closed plus 43 pips higher than the opening of last week so we can&#8217;t fib to get a short zone.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>Notes: <\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">We have a roadblock at 0.8904 and 0.8915 where we also have a bear trend line coming down so this will be areas for possible shorts while it holds as resistance.<\/span><\/p>\n<p><span style=\"color: #000000;\">Keep an eye on what the GBP\/Dollar is doing as its negative correlated with this one.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>\u00a04) GBP Dollar on the 4 hour\u00a0 chart:<\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">The direction Indi is long on the daily but short on the 4 hour. Last week we broke all the EMA`S to the downside and we currently underneath it so I will give the 4 hour a go for a short zone.<\/span><\/p>\n<p><span style=\"color: #000000;\">Currently I have an\u00a0<strong>Earth and Sky short zone<\/strong>\u00a0between 1.3180 and 1.3250 with areas to keep an eye on at the 38.2 fib at 1.3147 and 1.3169 and 1.3192 resistance areas where after I will re look to short this pair again.<\/span><\/p>\n<p><span style=\"color: #000000;\">Possible counter longs at 1.3003 and 1.2974 support levels.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>Notes: <\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">Currently in no mans lands so wait for price to come to you.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>5) GBP JPY on the WEEKLY chart:<\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>Notes: <\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">Sitting on my hands with this pair. If I look at the weekly we can see last week on my platform we closed with a perfect doji candle&#8230;&#8230;0 pips from last week&#8217;s opening to closing&#8230;&#8230;and we sitting at a cluster of EMA`S at the moment so warning signs that we might be running out of steam here with bullish moves..<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>6) Aussie Dollar on the 4 hour chart:<\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">Currently I have an\u00a0<strong>Earth and Sky short zone<\/strong>\u00a0between 0.7674 and 0.7707 areas to keep an eye on at the 38.2 fib at 0.7674 and 0.7685 and 0.7698 resistance areas where after I will re look to short this pair again.<\/span><\/p>\n<p><span style=\"color: #000000;\">Possible counter longs at 0.7616<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>Notes: <\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">This one is on my wish list this week.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>7) Aussie JPY on the daily chart:<\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>Notes: <\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">Possible shorts from the roadblock at the high at 80.00\u00a0 and possible longs from the support roadblock at 86.14<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>8) Dollar JPY on the 4 hour chart:<\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">Currently I have an\u00a0<strong>Earth and Sky long zone<\/strong>\u00a0between \u00a0113.83 and 113.40 with areas to keep an eye on the 113.83 and 113.77 and 131.61 and 113.40 support areas where after I will look to long this pair.<\/span><\/p>\n<p><span style=\"color: #000000;\">Possible counter shorts at 114.71 resistance levels.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>Notes: <\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">Currently in no man&#8217;s land so wait for price to come to you.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>9) Dollar CAD on the DAILY chart:<\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>Notes:<\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">We long on the 4 hour chart and mixed on the daily chart if we look at the direction indicator. Last week we closed MIN 62 PIPS LOWER than the opening so we can&#8217;t fib the 4 hour chart to get a long zone.<\/span><\/p>\n<p><span style=\"color: #000000;\">My plan will be to look for possible short set ups at last month&#8217;s high at 1.2911&#8230;..<\/span><\/p>\n<p><span style=\"color: #000000;\">Otherwise I will re look to long from 1.2600 again where we had the inverse head and shoulder neckline and some EMA`S that can give support again.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>10) Dollar Index on the DAILY chart :<\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>Notes: <\/u><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">We long on the 4 hour chart and mixed on the daily chart if we look at the direction indicator. Last week we only closed plus 7 pips higher than the opening so we very flat so we can&#8217;t even fib that.<\/span><\/p>\n<p><span style=\"color: #000000;\">My plan will be to look for shorts between 95.35 and 96.00 areas as we have some roadblocks here that can give resistance.<\/span><\/p>\n<p><span style=\"color: #000000;\">Otherwise I will re look to long from 93.77 again where we had the inverse head and shoulder neckline and some EMA`S that can give support again.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>I will see if I can do an update tomorrow morning &#8211; if I have the time and internet down there in Cape Town.<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">Regards<\/span><\/p>\n<p><span style=\"color: #000000;\">Pierre<\/span><\/p>\n<p><span style=\"color: #000000;\">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<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\" https:\/\/www.forexmentorpro.com\/blog\/mw-post \" target=\"_bla nk\" 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 all well and ready to rock and roll with the Forex Mentor Pro team this week. My charts looks a little messy this morning so please take note of the time frames I used. The cleaner charts that stands out for me at the moment: GBP\/Dollar Aussie\/dollar USD\/JPY\u00a0 Dollar [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":688,"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-5083","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\/5083"}],"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=5083"}],"version-history":[{"count":0,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/5083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/688"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=5083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=5083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=5083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}