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Good morning everyone<\/p>\n
Hope you are all well and healthy this stunning Monday morning.<\/p>\n
I had a look at my charts and found the following:<\/p>\n
The RS All indicator is showing us this morning that most pairs are in no man’s land……except for the Dollar and the CAD so I will be keeping an eye on this one for a possible short set up for the early part of the week.<\/p>\n
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Quick Market Overview:<\/strong><\/p>\n ………………………………………………………………<\/p>\n 1) Euro Index on the 4 hour chart:<\/u><\/strong><\/p>\n Last week we broke key EMA support levels to the downside…….so while the 200 EMA at 100.96 holds my bias will be to look for shorts.<\/p>\n Currently I have an Earth and Sky short zone between 101.03 and 101.37 with areas to keep an eye on at 100.96 and 101.11 for solid resistance before I will look to shorts.<\/p>\n Possible counter longs from 99.99 and 99.80 where the daily 200 EMA is waiting.<\/p>\n ……………………………………………………………….<\/p>\n 2) Euro Dollar on the 4 hour chart:<\/u><\/strong><\/p>\n Currently I have an Earth and Sky short zone between 1.0950 and 1.0996 with areas to keep an eye on at 1.0950 and 1.0973 and 1.0984 for solid resistance before I will look to sort.<\/p>\n Possible counter longs from 1.0889.<\/p>\n ……………………………………………………………….<\/p>\n 3) Euro JPY on the 4 hour chart:<\/u><\/strong><\/p>\n Currently I have an Earth and Sky short zone between 113.64 and 114.16 with areas to keep an eye on at 113.64 and 113.90 and 114.16 for solid resistance before I will look to sort.<\/p>\n Possible counter longs from 112.23<\/p>\n We have MACD divergence showing on the 4 hour on this one.<\/p>\n ……………………………………………………………….<\/p>\n 4) Euro GBP on the Daily chart:<\/u><\/strong><\/p>\n Currently I have an Earth and Sky long zone between 0.8796 and 0.8564 with areas to keep an eye on at 0.8796 and 0.8728 before I will look to long<\/p>\n Possible counter shorts from 0.9020 and 0.9132<\/p>\n ……………………………………………………………….<\/strong><\/p>\n \u00a05) GBP Dollar on the 4 hour chart:<\/u><\/strong><\/p>\n Currently I have an Earth and Sky short zone between 1.2269 and 1.2315 with areas to keep an eye on at 1.2269 and 1.2291 and 1.2300 for solid resistance before I will look to sort.<\/p>\n ( Last week we closed plus 32 pips higher than opening so we couldn’t fib last week to get a zone but I fib from the high at 10\/10\/2016 to the low of that same week to get a trading zone for this week……if we fib the daily chart I felt we were too far out)<\/p>\n Possible counter longs from 1.2129 and 1.2085<\/p>\n ……………………………………………………………….<\/p>\n 6) GBP JPY on the 4 hour chart:<\/u><\/strong><\/p>\n Currently I have an Earth and Sky short zone between 126.73 and 127.68 with areas to keep an eye on at 127.08 and 127.44 for solid resistance before I will look to sort.<\/p>\n ( Last week we closed plus 26 pips higher than opening so we couldn’t fib last week to get a zone but I fib from the high at 10\/10\/2016 to the low of that same week to get a trading zone for this week……if we fib the daily chart I felt we were too far out)<\/p>\n Possible counter longs from 125.03<\/p>\n ………………………………………………………………<\/p>\n 7) Aussie Dollar on the 4 hour chart:<\/u><\/strong><\/p>\n I am sitting on my hands at the moment.<\/p>\n We have a key support level at the 0.7600 level as we also have a daily 55 EMA there. While this level holds the bias will be to long……if it breaks be careful as we can drop to the mother in law at 0.7514 where I will re look to long……possible shorts from the WR1 pivot at 0.7697 and last week’s high at 0.7734<\/p>\n ……………………………………………………………..<\/p>\n 8) Aussie JPY on the Daily chart:<\/u><\/strong><\/p>\n I am sitting on my hands at the moment.<\/p>\n We have a key resistance level at the 0.79.69 ad 80.00 level as we also have a daily 200 EMA there. While this level holds the bias will be too short…. possible support at the 4 hour 200 EMA and daily 55 EMA at 78.29 and 78.18 levels for possible long set ups.<\/p>\n ………………………………………………………………<\/p>\n 9) Dollar JPY on the 4 hour chart:<\/u><\/strong><\/p>\n Sitting on my hands at the moment. Looks like we might be trapped in a triangle on this one so we better wait for a break out and then a possible \u00a0M2 set up.<\/strong><\/p>\n ………………………………………………………………<\/p>\n 10) Dollar CAD on the 4 hour chart:<\/u><\/strong><\/p>\n Currently I have an Earth and Sky long zone between 1.3183 and 1.3094 with areas to keep an eye on at 1.3206 and 1.3156 and 1.3143 or solid support before I will look to long<\/p>\n Possible counter sorts from 1.3400 and 1.3470<\/p>\n ………………………………………………………………<\/strong><\/p>\n 11) Dollar Index on the 4 hour chart:<\/u><\/strong><\/p>\n Currently I have an Earth and Sky long zone between 98.22 and 97.91 with areas to keep an eye on at \u00a098.00 and 97.91 for solid support before I will look to long.<\/p>\n Possible counter shorts from 99.00 and 99.12<\/p>\n ………………………………………………………………<\/p>\n I will be back tomorrow morning with an comprehensive Earth and Sky analysis<\/p>\n Regards<\/p>\n Pierre<\/p>\n If you would like to learn how to trade like a professional check out our 5* rated forex mentor program, RISK FREE; by clicking on the \u201cGet Started Today\u201d Button below<\/p>\n
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