Well looks like I missed the train. Oh well, was worth a try.

Pro7 PA trading analysis 28+GOLD

Please don't overfish my EURUSD buy opportunity. Looking for it to bounce off broken resistance/triangle.

Pro7 PA trading analysis 28+GOLD

I will probably close off all 3 trades once it goes above the first one. There is a chance it goes up from here but it's not the kind of price action or pattern I would like to buy into. Side note, as my message edit, JPY pairs are all dropping, ...

Pro7 PA trading analysis 28+GOLD

Price attempted higher above 152.39 but ultimately closed around it. Time to watch price action at these levels to figure out the next move, take note 4H RSI is overbought though! Edit: Based on USDJPY price action, there's a possibility that JPY ...

Pro7 PA trading analysis 28+GOLD

Actually not a fan of the 1 hour price action. Opened another position at 1.27721 but I'm not that confident about price heading higher for now.

Pro7 PA trading analysis 28+GOLD

Balancing the economy is definitely something very delicate and difficult to do. I'm not a fan of patterns, mainly just engulfing bars and head and shoulders but I do not trade any others. Nonetheless, would hope your trade plan plays out according ...

Gold

Gold just had its first failed test at licking 1790. Time to see what it wants to do here. I'm still having fun scalping longs.

Gold

Well I just went in on a buy on that 1H candle at 1.27786. Stop loss at 1.276, looking for some juicy 2:1 profits. Edit: Popped another buy at 1.27763. Would have popped more in for scalping pleasure but it went up a little too quick.

Pro7 PA trading analysis 28+GOLD

Thank you. Been trying out a new way of looking at charts and trading. Hoping not to have anymore dumb losses.

Pro7 PA trading analysis 28+GOLD

I did try this method out in the past but I don't like to predict or forecast things that much. Prefer to let price action guide me. It's definitely no gentle beast but I'm sure if you can tame it, it whispers to you sometimes. Are you expecting ...

Gold

I find USDCAD's structure on the 4H very interesting. It is showing very exact and specific points of retracement. If you take a look at the daily, the previous drop to 1.26 lines up perfectly with 38.2 fib retracement, which if broken, will give us ...

Pro7 PA trading analysis 28+GOLD

Amazing but from what I can see on GBPAUD, if it can't close above 1.862, we probably get a new low. Probably want to see a break of 1.84 as you mentioned, likely also AB=CD pattern if that does happen but we're in the middle now, so no buying or ...

Pro7 PA trading analysis 28+GOLD

Price smacked right into 152.39 when the news came out. They've increased bank rates to 0.25%, very positive news for GBP after a lackluster many months. GBP should be strong up here out. Edit: Watch for price reaction to this 152.39 level on 4H. ...

Pro7 PA trading analysis 28+GOLD

If the daily closes above 1790, I will start looking for buys into 1808 and SL to BE and then onwards to 1830. I expect price to fail at 1830 and give us a drop. The best case scenario is that the climb up is slow and lasts until mid Feb, but if we ...

Gold

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.

Pro7 PA trading analysis 28+GOLD

Amazing, I did not draw my fib until you mentioned it. Probably adds to my believe that we get there and fall hard and probably straight to 1727.

Gold

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.

Pro7 PA trading analysis 28+GOLD

Well, in a way you can just say that, I'm stubborn and want to see price touch it again. I have no basis of saying so neither do I have a crystal ball. The only reason I would like to see price touch it again is because it has served as significant ...

Gold

Also for GBPJPY, this scenario is possible. Looking for it to retest that 152.39 region.

Pro7 PA trading analysis 28+GOLD

Well yes, I was actually still looking for 1831 to be hit because no matter how you look at the chart, this level was totally ignored on the way down, which leads me to believe we will be retesting it. It provided decent resistance in the past but ...

Gold