Pro7 PA trading analysis 28+GOLD | Page 57 | Forex Factory

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Pro7 PA trading analysis 28+GOLD

  • #1,121
  • Aug 6, 2020 11:07pm Aug 6, 2020 11:07pm
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #1,122
  • Aug 6, 2020 11:20pm Aug 6, 2020 11:20pm
morning
  • #1,123
  • Aug 7, 2020 12:03am Aug 7, 2020 12:03am
GOLD
2073 - knock on the door
on MN chart pay attention to 2079 resistance line
where is possible pullback to 1964
breaking this line PA open door for 2265

I will play following scenario: SELL TP 1982 - 1964
SL 2084 as top for this move
Forex can only be understood backwards, but it must be traded forwards.
  • #1,124
  • Aug 7, 2020 12:07am Aug 7, 2020 12:07am
Good morning to all.

I am also expecting 2079.55/2084.03 to be reached today where I prepared my sell positions.
Target remains the same: 1982.41, but I don't think it will be reached today. Anything is possible.
So maybe now down to 2047.26 and then buy to 2079.55
Always expect unexpected.
  • #1,125
  • Edited 12:40am Aug 7, 2020 12:10am | Edited 12:40am
trading is very simple
you have to defend yours believes with money. period

I believe that GOLD will go down from here, also I'm aware that it could go up and I will loose.

good luck outhere

Pro7
Forex can only be understood backwards, but it must be traded forwards.
  • #1,126
  • Aug 7, 2020 12:17am Aug 7, 2020 12:17am
Sino-Us tensions and poor NFP data can propel it upwards.
  • #1,127
  • Aug 7, 2020 12:56am Aug 7, 2020 12:56am
EURCAD
pay attention to 1.58277 - 1.58503 MN resistance/support lines
breaking this line PA open gate for 1.60168

watching 1.57697 H4 - H1 support line for potential buy
SL 1.57596
Forex can only be understood backwards, but it must be traded forwards.
  • #1,128
  • Aug 7, 2020 1:06am Aug 7, 2020 1:06am
Quoting prozor7
trading is very simple you have to defend yours believes with money. period I believe that GOLD will go down from here, also I'm aware that it could go up and I will loose. good luck outhere Pro7
true whatever you believe the result will always be payed by money,each lesson will be taught through money, no free lessons
  • #1,129
  • Aug 7, 2020 1:15am Aug 7, 2020 1:15am
EURUSD
pay attention to 1.18239 - 1.18182 MN - D1 support/resistance lines
if hold buy TP 1.19387 - 1.19740

EDIT
break down TP 1.16977
Forex can only be understood backwards, but it must be traded forwards.
  • #1,130
  • Edited 2:32am Aug 7, 2020 1:30am | Edited 2:32am
Quoting prozor7
GOLD 2073 - knock on the door on MN chart pay attention to 2079 resistance line where is possible pullback to 1964 breaking this line PA open door for 2265 I will play following scenario: SELL TP 1982 - 1964 SL 2084 as top for this move

I agree

Traders, this is a zone of several important Fibonacci levels. A high probability confluence pattern is completing in this zone around 2080. This is where Alt Bat Pattern also finishes. All past structures and legs have a fibonacci extension lined up in this zone making this zone of high importance. This can create a huge reversal (correction) point for the gold which is already over extended on all time higher time frames. Arrows indicate potential correction levels. I have explained this on my YT channel too.



Attached Image (click to enlarge)
Click to Enlarge Name: Gold Correction Prediction August 2020 With Fibonacci Confluence Pattern- Vikinsa Capital Manag.jpg Size: 100 KB
Attached Image
Technical Analyst & Trader @ Vikinsa
  • #1,131
  • Aug 7, 2020 1:55am Aug 7, 2020 1:55am
Quoting vikinsa
{quote} I agree Traders, this is a zone of several important Fibonacci levels. ...
hi vikinsa,
welcome,

thx for posting great analysis

PS
please remove link if not approved by FF

Pro7
Forex can only be understood backwards, but it must be traded forwards.
  • #1,132
  • Edited 5:31am Aug 7, 2020 3:17am | Edited 5:31am
JPY
I'm going to fishing sell JPY against all today

EDIT
let see how risky this fishing is:
GBPJPY byte @ 138.320
USDJPY byte @ 105.679
EURJPY byte @ 124.941
CADJPY byte @ 79.147
CHFJPY byte @ 115.551
AUDJPY byte @ 76.231
Forex can only be understood backwards, but it must be traded forwards.
  • #1,133
  • Aug 7, 2020 5:58am Aug 7, 2020 5:58am
Quoting Skoljkica
Good morning to all. I am also expecting 2079.55/2084.03 to be reached today where I prepared my sell positions. Target remains the same: 1982.41, but I don't think it will be reached today. Anything is possible. So maybe now down to 2047.26 and then buy to 2079.55
spooky
"Forex Cristal Ball" well deserved
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #1,134
  • Aug 7, 2020 6:03am Aug 7, 2020 6:03am
Quoting prozor7
{quote} spooky "Forex Cristal Ball" well deserved {image}
Thank you! Let's say it is magic combined with Fibonacci.
Always expect unexpected.
  • #1,135
  • Aug 7, 2020 6:05am Aug 7, 2020 6:05am
Quoting Skoljkica
Good morning to all. I am also expecting 2079.55/2084.03 to be reached today where I prepared my sell positions. Target remains the same: 1982.41, but I don't think it will be reached today. Anything is possible. So maybe now down to 2047.26 and then buy to 2079.55
Pullback down to 2055.94/2051.51?
It would be nice to reenter buy, with same target.
Always expect unexpected.
  • #1,136
  • Aug 7, 2020 7:38am Aug 7, 2020 7:38am
Quoting Skoljkica
{quote} Pullback down to 2055.94/2051.51? It would be nice to reenter buy, with same target.
Didn't reenter buy, bullish mode was and still is invalid.
I am looking for short positions.
Always expect unexpected.
  • #1,137
  • Aug 7, 2020 7:39am Aug 7, 2020 7:39am
Quoting prozor7
EURCAD pay attention to 1.58277 - 1.58503 MN resistance/support lines breaking this line PA open gate for 1.60168 watching 1.57697 H4 - H1 support line for potential buy SL 1.57596
EURCAD
fishing buy @ 1.57600
Forex can only be understood backwards, but it must be traded forwards.
  • #1,138
  • Aug 7, 2020 7:45am Aug 7, 2020 7:45am
AUDUSD
fishing buy @ 0.71712
Forex can only be understood backwards, but it must be traded forwards.
  • #1,139
  • Aug 7, 2020 7:46am Aug 7, 2020 7:46am
EURUSD
fishing buy @ 1.17820
Forex can only be understood backwards, but it must be traded forwards.
  • #1,140
  • Aug 7, 2020 8:23am Aug 7, 2020 8:23am
Quoting prozor7
{quote} USDCAD bother me I don't see such strength in CAD or weakens in USD to bring price down. whatever calculations or scenario I done in last couple of days including today PA always return to 1.34000 and up I'm not selling this, I will buy every fall
USDCAD
back to 1.34000 lol
Forex can only be understood backwards, but it must be traded forwards.
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