Pro7 PA trading analysis 28+GOLD | Page 129 | Metals Mine

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Pro7 PA trading analysis 28+GOLD

  • #2,561
  • Dec 10, 2020 1:49pm Dec 10, 2020 1:49pm
Quoting Houtbay
Nzdusd is a possible sell at 0.708. Tp 0.703
nice call
there are nice resistance cluster starting from 0.70944 - 0.71146

there is a but
D1 is in sell mode breaking 0.71035 D1 should enter buy mode and move PA to 0.72200 - 0.72800

pay attention to 0.71035 buy above sell below
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #2,562
  • Dec 10, 2020 5:12pm Dec 10, 2020 5:12pm
Quoting Houtbay
Hi Prozor. I am understanding a lot better now, I see that gold is now supported by daily and weekly. Your analysis is brilliant.
I agree,,,I have learnt a lot too so big thanks to Prozor and others, such as yourself for that! Before hand I was working primarily off the H1...but it was just too hard to be right most of the time. I neglected the bigger TFs thinking that I am only really just going for short term trades but I think the bigger TFs will give greater moves, and also help my RR issue (as I was only really getting 1/1 RR...).
  • #2,563
  • Dec 10, 2020 11:13pm Dec 10, 2020 11:13pm
Keep an eye on the nzdcad, nzdjpy and nzdchf all to the down side.
  • #2,564
  • Dec 10, 2020 11:23pm Dec 10, 2020 11:23pm
Close the eurnzd trade.
  • #2,565
  • Dec 11, 2020 12:24am Dec 11, 2020 12:24am
Looks like the nzdusd momentum to downside is waining, as Prozor said if price penetrates daily resistance 0.71150 then the trend changes. This teaches one the importance of waiting and patience.
  • #2,566
  • Dec 11, 2020 12:39am Dec 11, 2020 12:39am
I am watching Eurusd and waiting to see what price is going to do at 1.21770. This level is resistance on 4 hour and daily. Let’s wait and see. One learns so much by posting ones opinions. It’s the only way to learn and understand. Thought when on paper are much more powerful.
  • #2,567
  • Dec 11, 2020 12:46am Dec 11, 2020 12:46am
Quoting Houtbay
Keep an eye on the nzdcad, nzdjpy and nzdchf all to the down side.
I am looking at these but not seeing any real solid signs of a drop to come? NJ just had a very solid bullish WRB candle in a solid uptrend on the daily...maybe a pullback perhaps...what am I missing here? Probably some long term kick ass resistance overhead that I haven't factored in!
  • #2,568
  • Dec 11, 2020 12:55am Dec 11, 2020 12:55am
I made my decision on daily and 4 hour resistance on the various crosses and the general trend of the nzdusd down at the time on the daily however up on the 4 hour.
  • #2,569
  • Dec 11, 2020 1:01am Dec 11, 2020 1:01am
Four owls on nj the daily and 4 hour are all down at the moment
  • #2,570
  • Dec 11, 2020 1:04am Dec 11, 2020 1:04am
Quoting Houtbay
Four owls on nj the daily and 4 hour are all down at the moment
hmmm is this what you're seeing too? This is a poor snippet of the daily NJ for me...I will watch it and everyday is a learning journey I find!! I have been in and out of Bitcoin and Gold in the last 2 days...need a change!!
Attached Image (click to enlarge)
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  • #2,571
  • Dec 11, 2020 2:02am Dec 11, 2020 2:02am
Nzdchf tp 0.62300
  • #2,572
  • Dec 11, 2020 3:03am Dec 11, 2020 3:03am
good morning to all
Forex can only be understood backwards, but it must be traded forwards.
  • #2,573
  • Dec 11, 2020 3:15am Dec 11, 2020 3:15am
Quoting Houtbay
I am watching Eurusd and waiting to see what price is going to do at 1.21770. This level is resistance on 4 hour and daily. Let’s wait and see. One learns so much by posting ones opinions. It’s the only way to learn and understand. Thought when on paper are much more powerful.
good morning H,
by end of the week posting on FF give you opportunity to search what did you do.
I use it as trading diary, it help me a lot with trading.
Attached Image (click to enlarge)
Click to Enlarge Name: ff.png Size: 18 KB
Forex can only be understood backwards, but it must be traded forwards.
  • #2,574
  • Edited 4:09am Dec 11, 2020 3:48am | Edited 4:09am
GBPJPY
D1 sell
H4 sell
if PA finding support @ 137.684 - 137.400 potential long
Attached Image
EDIT
fishing buy @ 137.400
SL 137.213

PS
D1 closing below 137.683 PA should go more down to 135.116
Forex can only be understood backwards, but it must be traded forwards.
  • #2,575
  • Dec 11, 2020 5:20am Dec 11, 2020 5:20am
USDCad a buy off daily
  • #2,576
  • Dec 11, 2020 5:27am Dec 11, 2020 5:27am
GBPCAD
watching 1.68341 - 1.67586 as support for potential long
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #2,577
  • Dec 11, 2020 6:48am Dec 11, 2020 6:48am
The trend has changed for USDCad, it looks now to be a sell
  • #2,578
  • Dec 11, 2020 7:01am Dec 11, 2020 7:01am
Quoting Houtbay
The trend has changed for USDCad, it looks now to be a sell
USDCAD
D1 enter buy mode
H4 buy
there are resistance cluster from 1.27753 - 1.28262

remember this post
Quoting prozor7
{quote}... USDCAD chart as you can see PA is in the range between 1.28205 - 1.27751...
it is expected that most traders will start selling here @ 1.27751
Forex can only be understood backwards, but it must be traded forwards.
  • #2,579
  • Dec 11, 2020 7:03am Dec 11, 2020 7:03am
Thanks, I will watch to see what happens
  • #2,580
  • Dec 11, 2020 8:30am Dec 11, 2020 8:30am
Quoting prozor7
GBPCAD watching 1.68341 - 1.67586 as support for potential long {image}
Hello Pro7, your analysis is so good that I saw PA reversed for long at around 1.6770..Nice precision trading entry you provided earlier and I am sure many followers took the opportunity for at least 20 pips profit..Thank you..
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