Pro7 PA trading analysis 28+GOLD | Page 322 | Forex Factory

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Pro7 PA trading analysis 28+GOLD

  • #6,421
  • Dec 15, 2021 12:46am Dec 15, 2021 12:46am
EURAUD
D1 losing sell momentum indicate buy @ 1.58485 - closing above should confirm buy TP 1.60032 - 1.60265
H4 sell should push PA down to 1.57577 where I will look for potential buy
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,422
  • Dec 15, 2021 12:50am Dec 15, 2021 12:50am
AUDCAD
PA have a nice resistance cluster starting from 0.91728 - 0.92137
with strong AUD and weak CAD PA should go up to 0.92137
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,423
  • Dec 15, 2021 1:33am Dec 15, 2021 1:33am
GOLD
H4 / H1 finding support @ 1767
if that is the case than PA should not break 1764

I have step aside signal with following scenario:
sideways move in 1767 - 1773 range until news
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 38 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #6,424
  • Dec 15, 2021 2:09am Dec 15, 2021 2:09am
Quoting prozor7
{quote} {quote} EURUSD what was 1.12900 now is 1.12653 - W1 support / resistance line as you can see PA have a nice resistance cluster starting from 1.12966 - 1.13098 {image}
EURUSD
1.12653 hold that switch H4 from sell to buy mode indicating up move to 1.12908 - 1.12966

PS
H4 sell is below 1.12550
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,425
  • Dec 15, 2021 3:13am Dec 15, 2021 3:13am
I will lose internet connection in next 15 min

good luck to all
Forex can only be understood backwards, but it must be traded forwards.
  • #6,426
  • Dec 15, 2021 8:17am Dec 15, 2021 8:17am
I'm back, as I can see everything played as expected.

no open trades
let see what FOMC minutes bring in 3 hours from now
Forex can only be understood backwards, but it must be traded forwards.
  • #6,427
  • Dec 15, 2021 9:40am Dec 15, 2021 9:40am
GBPNZD providing pretty good sell set up on the 4H chart. I've taken sells at 1.9633 with stop loss at 1.9697. Even if I get stopped out, I'm following my plan, still going to be pretty happy about it
A 1 pip gain is better than a 1 pip loss.
  • #6,428
  • Dec 15, 2021 12:09pm Dec 15, 2021 12:09pm
Quoting prozor7
{quote} GOLD beauty of the pattern closing 3/4 @ 1772 done selling I would like to see 1750 where I will look for buy or next H1 / H4 buy signal
GOLD
PA hit 1750 but spread was to big and unfortunately none of my pending orders from 1750 - 1756 wasn't executed

hope you catch this
Forex can only be understood backwards, but it must be traded forwards.
  • #6,429
  • Dec 15, 2021 12:14pm Dec 15, 2021 12:14pm
Quoting prozor7
{quote} GOLD PA hit 1750 but spread was to big and unfortunately none of my pending orders from 1750 - 1756 wasn't executed hope you catch this
That's a pity, pretty great spot for a buy though!
A 1 pip gain is better than a 1 pip loss.
  • #6,430
  • Dec 15, 2021 12:28pm Dec 15, 2021 12:28pm
if you buy @ 1750 I will highly recommended to close 1/2 - 3/4 @ 1778 - 1780 and leave rest to swim - possible up to 1800 not sure jet
Forex can only be understood backwards, but it must be traded forwards.
  • #6,431
  • Dec 15, 2021 12:32pm Dec 15, 2021 12:32pm
Quoting aeternum
{quote} That's a pity, pretty great spot for a buy though!
thx

great entry on GBPNZD
Forex can only be understood backwards, but it must be traded forwards.
  • #6,432
  • Dec 15, 2021 1:38pm Dec 15, 2021 1:38pm
Quoting prozor7
if you buy @ 1750 I will highly recommended to close 1/2 - 3/4 @ 1778 - 1780 and leave rest to swim - possible up to 1800 not sure jet
i already close some of it.. few of it already hit BE.. waiting for another great entry for buy again.. i was thinking 1790 again
  • #6,433
  • Dec 15, 2021 9:17pm Dec 15, 2021 9:17pm
Quoting prozor7
{quote} thx great entry on GBPNZD
It really looks like a classic. Resistance level with bearish engulfing bar. The Fed news squeeze caused it to whipsaw but I've closed all 3 positions comfortably at 46, 53 and 54 pips respectively. Was intending to let it run but we have major news coming up, going to just take my profits and relax.

Based on price action yesterday, almost all pairs were sitting on make or break levels prior to Fed. And almost all of them had false breaks / squeezes before full reversals. But right now it appears that we're back in the initial range we were before. I can only see a potential up move for USDJPY and USDCAD although USDCAD seems pretty overdone.
A 1 pip gain is better than a 1 pip loss.
  • #6,434
  • Dec 15, 2021 11:10pm Dec 15, 2021 11:10pm
Also for GBPJPY, this scenario is possible. Looking for it to retest that 152.39 region.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
A 1 pip gain is better than a 1 pip loss.
  • #6,435
  • Dec 15, 2021 11:48pm Dec 15, 2021 11:48pm
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #6,436
  • Dec 16, 2021 12:10am Dec 16, 2021 12:10am
Quoting prozor7
good morning to all

Morning sir,
Pls how do u see gold this morning
  • #6,437
  • Dec 16, 2021 1:20am Dec 16, 2021 1:20am
Another possible trade on AUDUSD.

Possible AB=CD price movement up. Looking towards 0.728 area. Price has shown higher low, time to show a higher high.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
A 1 pip gain is better than a 1 pip loss.
  • #6,438
  • Dec 16, 2021 1:26am Dec 16, 2021 1:26am
Quoting Idomalord
{quote} Morning sir, Pls how do u see gold this morning
GOLD
I see PA down to 1773 pushed by H1 sell - not taking positions here and not selling
I will wait for PA to:
1. test 1773 where I will look for buy - PA should not break 1761
or
2. test 1795 - 1800 where I will look for sell - PA should not break 1808
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.
  • #6,439
  • Dec 16, 2021 1:34am Dec 16, 2021 1:34am
Quoting aeternum
Another possible trade on AUDUSD. Possible AB=CD price movement up. Looking towards 0.728 area. Price has shown higher low, time to show a higher high. {image}

If I have buy I will not push my luck above 0.72478 - with extended D1 buy I don't see money pushing PA above

breaking 0.72478 next resistance are 0.72775 - 0.73117 where if that is the case 0.72478 become support
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #6,440
  • Dec 16, 2021 1:47am Dec 16, 2021 1:47am
Quoting prozor7
{quote} If I have buy I will not push my luck above 0.72478 - with extended D1 buy I don't see money pushing PA above breaking 0.72478 next resistance are 0.72775 - 0.73117 where if that is the case 0.72478 become support {image}
Yes, it would be a long shot / take some time. But I believe we should get it. We did get very decent numbers for AUD this morning too.
A 1 pip gain is better than a 1 pip loss.
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