Pro7 PA trading analysis 28+GOLD | Page 286 | 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

  • #5,701
  • Aug 2, 2021 9:38am Aug 2, 2021 9:38am
Attached Image (click to enlarge)
Click to Enlarge Name: bbcb3de56a11d17573be989429e30e72.png Size: 84 KB

CHF/JPY is on important support. I will focus myself only on this pair for sometime and I want to get rid of this pain in the ...
If we have a clear break then the next support is at 120.20/25.
Let's see, it looks promising.
GL.
Multiple Position Trader
  • #5,702
  • Aug 2, 2021 9:47am Aug 2, 2021 9:47am
Attached Image (click to enlarge)
Click to Enlarge Name: cae44d6d5550c1c48ca76ed363ae8e4e.png Size: 101 KB
G(U pivot point is at 1.3870/75. For further down we need to have a clear break of those area. Next support is at 1.3779/85 as u can see on chart.
Multiple Position Trader
  • #5,703
  • Aug 2, 2021 9:53am Aug 2, 2021 9:53am
Attached Image (click to enlarge)
Click to Enlarge Name: 618d46b874e1b35768fec1aa629f9205.png Size: 217 KB
Aud is the strongest currency atm, but Jpy is getting stronger.
Multiple Position Trader
  • #5,704
  • Aug 2, 2021 3:48pm Aug 2, 2021 3:48pm
Quoting Lenart80
{image}Aud is the strongest currency atm, but Jpy is getting stronger.
you can try this correlation indicator from this thread
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,705
  • Aug 2, 2021 4:06pm Aug 2, 2021 4:06pm
Quoting prozor7
{quote} you can try this correlation indicator from this thread {image}
Thanks, I will try it.
Multiple Position Trader
  • #5,706
  • Aug 3, 2021 1:32am Aug 3, 2021 1:32am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #5,707
  • Aug 3, 2021 3:34am Aug 3, 2021 3:34am
Quoting prozor7
EURGBP PA finding support @ 0.85020 and D1 indicate buy pay attention how PA will behave on 0.85000 closing above D1 should confirm buy with H4 extended buy I expect testing 0.85000 again {image}
EURGBP
update
D1 buy
H4 sell
H1 sell
as you can see H4 didn't have strength to break 0.85548 so pullback was expected

pay attention to 0.85343 - 0.85224 where H1 should find support
let see how they will play this
PS
PA should not break 0.85000
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,708
  • Aug 3, 2021 5:40am Aug 3, 2021 5:40am
Quoting prozor7
USDJPY D1 sell H4 sell H1 sell expecting that PA should hit 109.232 - 108.874 {image}
USDJPY
update
you can see support lines
H1 109.082 - 109.935
H4 109.084 - 108.932
D1 108.874

pay attention how they will play @ H1 & H4 108.932 if we get there this line should act as support & resistance if PA break this line
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,709
  • Aug 4, 2021 2:05am Aug 4, 2021 2:05am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #5,710
  • Aug 4, 2021 2:32am Aug 4, 2021 2:32am
Quoting prozor7
{quote} AUDCAD update with AUD holiday & H4 buy I expect PA to pullback to 0.91762 and down - if PA find support @ 0.91623 possible buy {image} {image}
AUDCAD
pay attention to resistance cluster starting from 0.92811 - 0.93228
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,711
  • Aug 4, 2021 2:56am Aug 4, 2021 2:56am
Good morning Mr P and others, Gold, I think we wre going now to make a new high słowly to my main target @ 185x, in this place I will be searching for good oportuniny to sell some, lets see..
People don't plan to lose. They lose because they don't plan.
  • #5,712
  • Aug 4, 2021 3:05am Aug 4, 2021 3:05am
Quoting ScalaFX
Good morning Mr P and others, Gold, I think we wre going now to make a new high słowly to my main target @ 185x, in this place I will be searching for good oportuniny to sell some, lets see..
good morning Scala,
@ this moment market provide better opportunities than GOLD but PA should hit 1822.22 D1 resistance than MM will decide what to do
Forex can only be understood backwards, but it must be traded forwards.
  • #5,713
  • Aug 4, 2021 3:34am Aug 4, 2021 3:34am
Quoting prozor7
{quote} USDJPY update you can see support lines H1 109.082 - 109.935 H4 109.084 - 108.932 D1 108.874 pay attention how they will play @ H1 & H4 108.932 if we get there this line should act as support & resistance if PA break this line {image}
USDJPY
update
let see how they will play this 109.280
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,714
  • Aug 4, 2021 3:40am Aug 4, 2021 3:40am
Quoting prozor7
{quote} EURGBP update D1 buy H4 sell H1 sell as you can see H4 didn't have strength to break 0.85548 so pullback was expected pay attention to 0.85343 - 0.85224 where H1 should find support let see how they will play this PS PA should not break 0.85000 {image}
EURGBP
update
EUR is weakest currency @ this moment and I will skip buy for now until clear picture
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #5,715
  • Aug 4, 2021 5:46am Aug 4, 2021 5:46am
Silver Shark Pattern formation


Small runner from 28/07/21 ( 24.95 )


looking to long another from 25.40 region


tp region 26.30 Ish

and go short subject to PA and PRZ

Kindly share your views
Attached Image (click to enlarge)
Click to Enlarge Name: SILVER#H4.png Size: 46 KB
We cannot direct the winds but we can adjust our sail.
  • #5,716
  • Aug 4, 2021 5:57am Aug 4, 2021 5:57am
Yeah, I think thats can work, I expect Gold to run with Silver to 185x-187x and that will be oportunity to sell some for a long short swing, lets see...
People don't plan to lose. They lose because they don't plan.
  • #5,717
  • Aug 4, 2021 6:26am Aug 4, 2021 6:26am
Quoting posterboy
Silver Shark Pattern formation Small runner from 28/07/21 ( 24.95 ) looking to long another from 25.40 region tp region 26.30 Ish and go short subject to PA and PRZ Kindly share your views {image}
don't trade Silver
here is my view: PA should go up to 25.809 - 25.859
D1 buy - resistance @ 25.809
H4 buy - support @ 25.652 resistance @ 25.979
H1 sell - support @ 25.608

with H1 on sell I will pay attention to 25.608 on M15 & H1 PA should not break that level

PS
charts with time component
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ag.png Size: 38 KB
Click to Enlarge Name: ag4.png Size: 40 KB
Click to Enlarge Name: ag1.png Size: 40 KB
Click to Enlarge Name: ag15.png Size: 29 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,718
  • Aug 4, 2021 7:31am Aug 4, 2021 7:31am
GOLD
what was 1807 in July it is 1822 for August.

so if PA hit 1827 and pullback pay attention to 1822
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 39 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #5,719
  • Aug 4, 2021 7:40am Aug 4, 2021 7:40am
that is all from me this week, no new positions, I will take few days off the market.
I'll be back on Monday - Tuesday
Forex can only be understood backwards, but it must be traded forwards.
  • #5,720
  • Aug 4, 2021 7:42am Aug 4, 2021 7:42am
time to close fish market.
hope you have lucrative (short) week.
wish you all great weekend, see you on Monday - Tuesday.
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.
7 traders viewing now