Pro7 PA trading analysis 28+GOLD | Page 88 | Crypto Craft

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Pro7 PA trading analysis 28+GOLD

  • #1,741
  • Oct 22, 2020 3:19am Oct 22, 2020 3:19am
DXY
pay attention to 92.749 breaking this line GOLD should go down
Attached Image (click to enlarge)
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Forex can only be understood backwards, but it must be traded forwards.
  • #1,742
  • Oct 22, 2020 3:38am Oct 22, 2020 3:38am
GOLD
D1 enter buy mode - PA didn't have forces to break 1921 - need more accumulations ???
H4 sell - can push PA down to 1907
H1 buy - can push PA up to 1923

as you can see we have mixed signals here - stepping aside before any action

my plan
PA down to 1909 - 1907 than buy with SL around 1905
PA break 1923 wait for pullback to 1923 than buy with tight SL simply because there is no support line before 1912
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Forex can only be understood backwards, but it must be traded forwards.
  • #1,743
  • Oct 22, 2020 3:56am Oct 22, 2020 3:56am
Good day to all.

I agree with you Pro, I like your analysis.
Here is my plan for Gold.

I don't see an opportunity to buy before pullback down to 1907.70/1905.06 is made.
But there is a possibility for price to break 1923.31 and find it as a support, if that happens next resistance line is 1934.85.

As you said, D1 is in buy mode, H4 sell, H1 buy.
Is it possible H1 will be that strong to turn H4 buy in the afternoon, 5 hours from now (my time: 16h)?

If buy at 1907.70/1905.06, my first TP will be 1916.83, second TP 1934.85.

However, if price break 1923.31 and find it as a support, I will look for opportunity to buy after pullback is made, with TP 1934.85/1944.31.
Always expect unexpected.
  • #1,744
  • Oct 22, 2020 6:01am Oct 22, 2020 6:01am
AUDJPY
D1 sell
H4 enter buy mode
pay attention to D1 74.311 as support for potential long

SL 74.250 - 74.136
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #1,745
  • Edited 6:56am Oct 22, 2020 6:38am | Edited 6:56am
GBPCHF
D1 enter buy

lost count how many times PA hit those resistance lines @ 1.18799 - 1.18955

EDIT
pay attention H4 below 1.18800 should enter sell mode
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #1,746
  • Oct 22, 2020 7:19am Oct 22, 2020 7:19am
Quoting Skoljkica
Good day to all. I agree with you Pro, I like your analysis. Here is my plan for Gold. I don't see an opportunity to buy before pullback down to 1907.70/1905.06 is made. But there is a possibility for price to break 1923.31 and find it as a support, if that happens next resistance line is 1934.85. As you said, D1 is in buy mode, H4 sell, H1 buy. Is it possible H1 will be that strong to turn H4 buy in the afternoon, 5 hours from now (my time: 16h)? If buy at 1907.70/1905.06, my first TP will be 1916.83, second TP 1934.85. However, if price break...
1905.06 reached, D1 turned sell.
Still no buy for me, I'm waiting to see is price going to find support at 1905.06
News are in 10 minutes, so I'm staying aside for now waiting for a hunt.
Always expect unexpected.
  • #1,747
  • Oct 22, 2020 7:37am Oct 22, 2020 7:37am
Quoting Skoljkica
{quote} 1905.06 reached, D1 turned sell. Still no buy for me, I'm waiting to see is price going to find support at 1905.06 News are in 10 minutes, so I'm staying aside for now waiting for a hunt.
I believe that when it arrives at 1901.00 61% fibo. I buy again ... it is good to be naughty with this presidential race ... the movements are very unexpected ...
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  • #1,748
  • Oct 22, 2020 7:42am Oct 22, 2020 7:42am
Quoting BJunior
{quote} I believe that when it arrives at 1901.00 61% fibo. I buy again ... it is good to be naughty with this presidential race ... the movements are very unexpected ... {image}
Yeah, 1901.00 is also possible, here 1899.31 (50% Week Support)
Always expect unexpected.
  • #1,749
  • Oct 22, 2020 10:24am Oct 22, 2020 10:24am
EURCAD
D1 buy
there is a nice support cluster for potential long

SL 1.55193
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #1,750
  • Oct 22, 2020 11:14am Oct 22, 2020 11:14am
NZDJPY
D1 sell indicate change to buy mode - closing above 69.836 should confirm that
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #1,751
  • Oct 22, 2020 11:24am Oct 22, 2020 11:24am
GBPCAD
D1 buy
last support for up to 1.73331 - referring to this post
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #1,752
  • Oct 22, 2020 4:25pm Oct 22, 2020 4:25pm
AUD
indicate trend change from sell to buy:
AUDCAD
AUDCHF
AUDJPY
AUDUSD
EURAUD - sell
GBPAUD - sell
Forex can only be understood backwards, but it must be traded forwards.
  • #1,753
  • Oct 23, 2020 1:27am Oct 23, 2020 1:27am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #1,754
  • Oct 23, 2020 2:19am Oct 23, 2020 2:19am
DXY
finally close the gap while GOLD loosing momentum on H1 entering sell mode
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Forex can only be understood backwards, but it must be traded forwards.
  • #1,755
  • Oct 23, 2020 2:23am Oct 23, 2020 2:23am
GOLD
D1 sell - buy above 1910
H4 sell - buy above 1907
H1 buy - loosing momentum @ 1907 entering sell mode
let see can PA hold 1899 - 1897 H4 - H1 support/resistance
Attached Image (click to enlarge)
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Forex can only be understood backwards, but it must be traded forwards.
  • #1,756
  • Oct 23, 2020 2:27am Oct 23, 2020 2:27am
Quoting prozor7
AUD indicate trend change from sell to buy: AUDCAD AUDCHF AUDJPY AUDUSD EURAUD - sell GBPAUD - sell
AUD
give great entry @ London open
Attached Image (click to enlarge)
Click to Enlarge Name: aud.png Size: 199 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #1,757
  • Oct 23, 2020 2:38am Oct 23, 2020 2:38am
Quoting prozor7
NZDJPY D1 sell indicate change to buy mode - closing above 69.836 should confirm that {image}
NZDJPY
update
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Forex can only be understood backwards, but it must be traded forwards.
  • #1,758
  • Oct 23, 2020 3:53am Oct 23, 2020 3:53am
Good morning to all.

Gold
Pullback down to 1907.70/1905.06/1903.70 would be a nice opportunity to reenter long.
If that happens, my targets are:
1910.73 as a first resistance (possible pullback down to 1907.70 from there)
1918.08 as a second resistance
and third one I'm expecting today is 1934.85 which seems a little farfetched but is reachable.

If price goes straight to 1918.08 without it first makes pullback to 1905.06 I will wait and reconsider my plan.
Always expect unexpected.
  • #1,759
  • Oct 23, 2020 4:13am Oct 23, 2020 4:13am
CADJPY
D1 sell
H4 buy
closing above 79.651 D1 should enter buy mode
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #1,760
  • Oct 23, 2020 4:25am Oct 23, 2020 4:25am
Quoting prozor7
{quote} AUD give great entry @ London open {image}
AUD
close GBPAUD sell - don't trust GBP

others closing 3/4 to exposed to AUD
Forex can only be understood backwards, but it must be traded forwards.
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