Lahore, Pakistan -- (SBWIRE) -- 06/26/2014 -- Pierre DuPlessis from Forex Mentor PRO program released the Forex Weekly Outlook according to his Earth And Sky Trading Zones. Pierre issues weekly Earth and Sky Trading Zones for the pairs EUR/USD, EUR/JPY, EUR/GBP, GBP/USD, GBP/JPY, AUD/USD, AUD/JPY, USD/CHF, USD/JPY And USD/CAD to the Forex Mentor PRO members. He is also available in the private members forum to answer any questions by the members. Anyone interested can try Forex Mentor PRO Program for 7 days for $1 and download his Earth and Sky Trading System 80 page PDF FREE.
This is what Pierre DuPlessis says: “One Friday morning I posted my chart with that short I took on the Euro/Dollar from those two mother in laws at 1.3636 in the Friday catch up post in the main blog……….by mid Friday I updated my post adding a new chart where price was at my profit take.
If you didn’t see this chart, pop over to Fridays post and have a look how the entry, stop and profit take was planned for this trade! One of our members have asked me to look at MACDEE Divergence and how to trade it as they always get burned with this method – As soon as I am virus free I will be all over it mate and show you all how!
Ok what’s cooking in the kitchen?
USD/CHF on the 4 hour chart:
Notes: Looking at the 4 hour chart we can clearly see we trapped in a triangle here with price also trapped between the daily and 4 hour 200 EMA`S. So something needs too give here first before I will look to trade this pair.
Correlation: This pair is NEGATIVE CORRELATED (moving in the opposite direction) as the Euro Index, Euro/Dollar, Euro/JPY and Euro/GBP pairs. Be careful; DO NOT OVER EXPOSE YOUR ACCOUNT BY PLACING OPPOSITE TRADES ON THE ABOVE PAIRS…”
About Pierre DuPlessis
Pierre DuPlessis joined Forex Mentor PRO program as a student. Now he is one of the mentors at Forex Mentor PRO Program and helps other traders trade successfully.
For more information about the Forex Mentor PRO Program 7 day trial for $1, please visit the following website: