Pro7 PA trading analysis 28+GOLD | Page 250 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading with Price Action - Daily Trading Analysis 146 replies

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

TT Ichimoku Cloud Trading Analysis with Trading Calls 23 replies

Trading Gold - Anybody up for analysis here? 14 replies

Attachments: Pro7 PA trading analysis 28+GOLD
Exit Attachments

Pro7 PA trading analysis 28+GOLD

  • #4,981
  • May 6, 2021 11:34pm May 6, 2021 11:34pm
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #4,982
  • May 6, 2021 11:55pm May 6, 2021 11:55pm
Quoting prozor7
GOLD fishing buy @ 1789 SL 1786
GOLD
update
close all @ 1820

stepping aside
Forex can only be understood backwards, but it must be traded forwards.
  • #4,983
  • May 6, 2021 11:55pm May 6, 2021 11:55pm
Good Day Prozor

maybe slow move for today so ill stick with EU preparing for Pump and dump
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.aH1.png Size: 152 KB
  • #4,984
  • May 7, 2021 12:04am May 7, 2021 12:04am
Quoting prozor7
good morning to all
Good morning, Prozor
  • #4,985
  • May 7, 2021 12:41am May 7, 2021 12:41am
Quoting prozor7
{quote} GOLD D1 buy H4 buy breaking 1798.20 TP 1808 - 1820 - 1827 - 1839 - 1842 1827 should be hit by Friday {image}
GOLD
update
D1 buy
H4 buy - losing buy momentum @ 1820

NO trade for me until clear setup
I expect 1827 to be hit than pullback to 1811 - 1798 - valid for today

waiting for 1827 for sell or 1798 for buy

FRYday
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 50 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #4,986
  • May 7, 2021 12:45am May 7, 2021 12:45am
Quoting prozor7
{quote} GOLD update D1 buy H4 buy - losing buy momentum @ 1820 NO trade for me until clear setup I expect 1827 to be hit than pullback to 1811 - 1798 - valid for today waiting for 1827 for sell or 1798 for buy FRYday {image}
I see Resistance @ 1825.5 H4 2021.02.15
so it could just bounce of of it and become bearish...
correct me if I'm wrong
TESTING MY STRATEGIES...
  • #4,987
  • May 7, 2021 1:25am May 7, 2021 1:25am
Quoting Ali-Shachi
{quote} I see Resistance @ 1825.5 H4 2021.02.15 so it could just bounce of of it and become bearish... correct me if I'm wrong
true PA find resistance @ 1825 in February.

I see trading in this way:
D1 buy - trend is up - selling in up trend is no no for me
H4 sell - pullback - with D1 in buy question is how long or far pullback is going - in case of gold today when PA is @ 1820 I calculate potential pullback lines - valid for today only

H1 -- 1816 - 1807 - 1804 - 1801 - 1793
H4 -- 1811 - 1798

in case PA continue up move resistance lines are:
H1 -- 1824 - 1827 - 1834 - 1839
H4 -- 1820 - 1827 - 1842

1827 should be max for this up move for 3 reasons:
1. PA fulfill weak range
2. H4 overstretch
3. H4 losing buy momentum

to conclude:
selling in up trend is risky business - but if trader doing that, trading should be fast
Attached Image (click to enlarge)
Click to Enlarge Name: gold1.png Size: 56 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #4,988
  • May 7, 2021 1:59am May 7, 2021 1:59am
Quoting purdoy81
Good Day Prozor maybe slow move for today so ill stick with EU preparing for Pump and dump {image}
EURUSD
D1 sell
H4 buy - flat
H1 buy

PA have nice resistance cluster starting from 1.20918 - 1.21256

breaking H1 1.20771 PA enter buy mode and it can push up to 1.21011 - 1.21081

pay attention to H1 behavior around 1.21000
Attached Images
Forex can only be understood backwards, but it must be traded forwards.
  • #4,989
  • May 7, 2021 2:07am May 7, 2021 2:07am
Quoting prozor7
USDCHF D1 buy H4 sell I would like to see 0.90608 - 0.90542 for buy or break 0.91076 where H4 entering buy {image}
USDCHF
update
D1 buy
H4 sell - indicate buy
H1 buy - overstretch - possible resistance @ 0.90783 and pullback to 0.90571 - 0.90542
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #4,990
  • May 7, 2021 3:13am May 7, 2021 3:13am
EURCAD
D1 sell - overstretch PA close above 1.46938 - D1 - buy mode
H4 buy
H1 buy - overstretch

PA have a nice resistance cluster starting from 1.47190 - 1.47549

I don't see strength in H1 & H4 to make bigger move without pullback to 1.46938 where is D1 support

pay attention to MN 1.47258 as resistance
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #4,991
  • May 7, 2021 3:34am May 7, 2021 3:34am
Quoting prozor7
EURCAD D1 sell - overstretch PA close above 1.46938 - D1 - buy mode H4 buy H1 buy - overstretch PA have a nice resistance cluster starting from 1.47190 - 1.47549 I don't see strength in H1 & H4 to make bigger move without pullback to 1.46938 where is D1 support pay attention to MN 1.47258 as resistance {image}
Great analysis. Thanks a million!
  • #4,992
  • May 7, 2021 4:38am May 7, 2021 4:38am
USD & CAD news in 40 min

hoping for some action
Forex can only be understood backwards, but it must be traded forwards.
  • #4,993
  • May 7, 2021 5:05am May 7, 2021 5:05am
Consensus is for further dollar weakness this afternoon - let's see
  • #4,994
  • May 7, 2021 5:42am May 7, 2021 5:42am
Quoting prozor7
AUDCAD D1 sell - overstretched H4 sell watching nice support cluster starting from 0.94765 - 0.94386 for potential long {image}
AUDCAD
update
close all @ 0.95156
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #4,995
  • May 7, 2021 6:03am May 7, 2021 6:03am
done for today
cash now
Forex can only be understood backwards, but it must be traded forwards.
  • #4,996
  • May 7, 2021 6:06am May 7, 2021 6:06am
time to close fish market.
hope you have lucrative week.
wish you all great weekend, see you on Monday.
Attached Image (click to enlarge)
Click to Enlarge Name: bucket.jpg Size: 40 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #4,997
  • May 7, 2021 11:00am May 7, 2021 11:00am
Quoting Mtinifx
{quote} Yes we don't know how high the bulls were going to take it. 1790 was a strong resistance area and price did react dropping 30 pips. However the bulls took it up to the next level at 1795. Looking at the daily chart, it's possible now that we'll see 1840/50 before the drop begins. All IMHO {image}

Well we got to 1840. Now for the drop (hopefully)
Attached Image
  • #4,998
  • May 9, 2021 11:12pm May 9, 2021 11:12pm
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #4,999
  • May 10, 2021 12:46am May 10, 2021 12:46am
Quoting prozor7
good morning to all
Good morning
  • #5,000
  • May 10, 2021 12:57am May 10, 2021 12:57am
Quoting prozor7
good morning to all
Hello! Hope you guy all green week!!!
24 traders viewing now