Pro7 PA trading analysis 28+GOLD | Page 257 | Forex Factory

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Attachments: Pro7 PA trading analysis 28+GOLD
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Pro7 PA trading analysis 28+GOLD

  • #5,121
  • May 19, 2021 3:05am May 19, 2021 3:05am
GOLD
fishing small buy @ 1859
SL 1856
TP open
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,122
  • May 19, 2021 3:43am May 19, 2021 3:43am
Quoting prozor7
CADCHF I'm looking for 0.75446 best scenario would be for PA to hit 0.73936 pay attention to H4 support @ 0.74360 breaking this line H4 (in sell mode) should confirm down to 0.73936 {image}
CADCHF
close 1/2 @ 0.74656
Forex can only be understood backwards, but it must be traded forwards.
  • #5,123
  • May 19, 2021 3:49am May 19, 2021 3:49am
Quoting prozor7
USDJPY H4 losing sell momentum let see 108.804 - 108.785 can it hold PS buy above 108.977 {image}
USDJPY
close 1/2 @ 109.230
Forex can only be understood backwards, but it must be traded forwards.
  • #5,124
  • May 19, 2021 3:56am May 19, 2021 3:56am
Quoting prozor7
GBPCAD weakness of CAD could push PA up to 1.71614 PA is on resistance point @ 1.71160 - 1.71238 and GBP doesn't look as strong buy, so if you think to sell don't be surprised for up move {image}
GBPCAD
close 1/2 @ 1.07940
Forex can only be understood backwards, but it must be traded forwards.
  • #5,125
  • May 19, 2021 4:03am May 19, 2021 4:03am
GBPUSD
watching 1.41442 - 1.41184 where PA have a nice support cluster
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,126
  • May 19, 2021 4:17am May 19, 2021 4:17am
GBPNZD
PA finding resistance @ 1.97060 - NZD is weakest currency risky trade possible push up to 1.97139 - 1.97311 where PA fulfill day range

PS sell below 1.96650
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,127
  • May 19, 2021 5:16am May 19, 2021 5:16am
Quoting prozor7
{quote} GOLD I still have step aside signal (1859 - 1852 are still in play) buy signal is above 1871 -1872 pay attention to 1871 breaking that line in case of pullback it should hold {image}
GOLD
update
1852 and up - beauty of the pattern
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 65 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,128
  • May 19, 2021 5:20am May 19, 2021 5:20am
GOLD
for you info
pay attention to 1854 this is the line where D1 losing buy momentum
Forex can only be understood backwards, but it must be traded forwards.
  • #5,129
  • May 19, 2021 5:39am May 19, 2021 5:39am
Quoting prozor7
GOLD for you info pay attention to 1854 this is the line where D1 losing buy momentum
I would say it beautifully retraced and tapped the downward trendline coming from previous 2066 level highs and 1950 highs. There is always that possibility of hitting over 1900 now.
A 1 pip gain is better than a 1 pip loss.
  • #5,130
  • May 19, 2021 5:52am May 19, 2021 5:52am
Quoting aeternum
{quote} I would say it beautifully retraced and tapped the downward trendline coming from previous 2066 level highs and 1950 highs. There is always that possibility of hitting over 1900 now.
let us look @ bigger picture on MN chart
according to my calculations up should be 1964 (valid for May only)

on that way PA have a lot of resistance lines to break
on W1 1903 - 1936
on D1 1890 - 1906 - 1941 - 1973
on H4 1874 - 1881 - 1896 ......
Attached Image (click to enlarge)
Click to Enlarge Name: goldm.png Size: 51 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,131
  • Edited 6:46am May 19, 2021 6:24am | Edited 6:46am
Quoting prozor7
{quote} let us look @ bigger picture on MN chart according to my calculations up should be 1964 (valid for May only) on that way PA have a lot of resistance lines to break on W1 1903 - 1936 on D1 1890 - 1906 - 1941 - 1973 on H4 1874 - 1881 - 1896 ...... {image}
Yes but actually if I consider the way the daily is moving, I still feel that we should be having a more decent retracement.

Even if it pushes higher, perhaps we will get stopped at around 1906-1911, which is what you got as well.

I still feel we should get some proper retracement into that 1842 region.

Edit - I see a 61.8 level at 1923 based on the highs of 2075 to lows of 1676. Wondering if we will be able to push that high. As for today if it closes like this, pretty sure its a strong breakout and the drop earlier was either to touch the falling trendline or to take out all the stop losses / sell orders.
A 1 pip gain is better than a 1 pip loss.
  • #5,132
  • May 20, 2021 12:01am May 20, 2021 12:01am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #5,133
  • May 20, 2021 12:06am May 20, 2021 12:06am
Good day to all of us in the house.
May this day be profitable to all of us.
  • #5,134
  • May 20, 2021 12:21am May 20, 2021 12:21am
Good day Prozor and everyone!
  • #5,135
  • May 20, 2021 1:11am May 20, 2021 1:11am
GOLD
on D1 after rejecting 1890 PA finding support @ 1871 indicating more up to 1906 where PA fulfill month range
as you can see there are a nice resistance cluster starting from 1890 - 1906
Attached Image (click to enlarge)
Click to Enlarge Name: goldd.png Size: 62 KB
if we zoom to H4 breaking 1874 next resistance is 1881 than 1896
Attached Image (click to enlarge)
Click to Enlarge Name: gold4.png Size: 64 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,136
  • May 20, 2021 1:11am May 20, 2021 1:11am
Morning Proz and team.
Look ahead. Reste positif
  • #5,137
  • May 20, 2021 2:36am May 20, 2021 2:36am
Quoting prozor7
GOLD for you info pay attention to 1854 this is the line where D1 losing buy momentum
GOLD
update
D1 indicate sell mode @ 1868

pay attention to 1867 - 1865 as last support for buy

EDIT
breaking 1865 PA should go down to 1839

no buy for me
Forex can only be understood backwards, but it must be traded forwards.
  • #5,138
  • May 20, 2021 3:11am May 20, 2021 3:11am
EURGBP
H1 - H4 indicate sell mode @ 0.86295
TP 0.86184 - 0.86163 - 0.86085

breaking 0.86085 more down to 0.85922
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,139
  • May 20, 2021 6:55am May 20, 2021 6:55am
Quoting prozor7
GBPNZD PA finding resistance @ 1.97060 - NZD is weakest currency risky trade possible push up to 1.97139 - 1.97311 where PA fulfill day range PS sell below 1.96650 {image}
GBPNZD
update
close 1/2 @ 1.96209
Forex can only be understood backwards, but it must be traded forwards.
  • #5,140
  • May 20, 2021 7:15am May 20, 2021 7:15am
Quoting prozor7
{quote} GBPNZD update close 1/2 @ 1.96209
Please how do you close 1/2 (half) of your trade?
Is it when you have 2 trades of same pair or what?
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