tomsabobiz

tomsabobiz Updated 

I'm just looking for another fall to test the historical support levels. So let's hope it breaks down further. RR 1:3

tomsabobiz Updated 

Previous long trade went south, so this time I'm looking for a break below these levels. This is jst sunday chillout trades. RR is 3.

tomsabobiz Updated 

nothing extra, just looking for a retest here with a small position, and a good RR.

tomsabobiz Updated 

I was looking at the 4hr and the 1hr chart. IMO we are still in an uptrend and there is a clear support zone around 9000 area, so I took this trade with a good RR. Cheers!

tomsabobiz Updated 

I was looking at the 4hr and the 1hr chart. IMO we are still in an uptrend and there is a clear support zone around 9000 area, so I took this trade with a good RR. Cheers!

tomsabobiz Updated 

Maybe I jumped in a little early, bu I only took half size position as I used to. RR is okay, and I think we have a good chance to retest the lows and making new records. Also we are very near to a historical congestion zone on the monthly chart. If you check the price level 0.9603 we can see that from that area below many times price has tested those levels. It...

tomsabobiz Updated 

This could be a good trade but also has more risk on these level. RR ratio is good, and we can see more gain to the upside as fear overcomes on the markets do to the corona virus Fear always puts more gain on Gold so... we can see price testing the previous high. BUT also big banks and institutions are aware of these levels and they might wan't to manipulate the...

tomsabobiz

IMO I think the bearish momentum can regain strength so I'm hoping that this congestion zone rejects price and also gives a good RR ratio. In the longer term my target would be to go below the 1.45 level, and I might put my SL to break even around 1.4550-1.4570 area.

tomsabobiz

Will be interesting to see price action in this congestion area. Though higher time frames indicate that we are in a retrace towards the downside so we can see a continuation of price dropping to 1.4413, but lets just keep an eye out for what market does around this current level. This could easily turn to support as well if we see more momentum to the upside. No...

tomsabobiz

Price is approaching congestion zone so I would stay out from any trade for now, and wait for a clear direction. Important levels are below, and market may want to test those levels. You can check it on the weekly or monthly chart as well. My personal bias is that price is going to drop some more, but we have to get through the zone. (Also looks like AUDUSD want's...

tomsabobiz

For now it looks like price wants to test previous highs, and we have a clear break on the daily trend. So it's possible to enter now when market opens up around the same price (and if someone want's to rush into a trade). IMO I'm going to wait for a retrace on the 4hr or maybe on 1hr and wait for a better entry setup. Looking for good RR ratio. On the downside...

tomsabobiz

For now price is in between congestion zones, and there is no clear setup IMO, but this is what I think is going to happen in the next upcoming days.

tomsabobiz

It is not so clear at the moment, but these are my suggestions

tomsabobiz Updated 

The 4hr bar broke the trend line, so I think we have a good chance to test previous resistance, and RR is in our favor as well.

tomsabobiz Updated 

We could see a possible test of the previous lows... And with decent RR ratio. (price action already made some resistance above)

tomsabobiz

Just a minor suggestion for possible buy trade.

tomsabobiz

We can see that this triangle is getting to be broken sooner or later, and I think we could have these possible buy or sell signals when it does.

tomsabobiz

We can go either long or short if the entry formations give us a confirmation.