Rockersgeng

Rockersgeng

Market Behavior Analysis : 1) At the beginning of the month, the market tends to move against the trend. 2) Additionally, on Thursdays and Fridays, there's often a counter-trend movement. 3) Throughout Monday to Wednesday, there's typically an uptrend, providing a hint for counter-trend trading. Strategy : 1) Utilizing Fibonacci retracement to determine...

Rockersgeng

1) Analysis : AO (Awesome Oscillator) is expected to form a Higher Low (HL). 2) Implication : Possibility of divergence formation, particularly bullish divergence. 3) Impact : Change in structure from downtrend to uptrend. 4) Strategy : Using Fibonacci retracement to identify the best buy levels. 5) Buy Levels : Utilizing Fibonacci levels 1.236 and 1.618...

Rockersgeng

1) Analysis : AO (Awesome Oscillator) is expected to form a Higher Low (HL). 2) Implication : Possibility of divergence formation, particularly bullish divergence. 3) Impact : Change in structure from downtrend to uptrend. 4) Strategy : Using Fibonacci retracement to identify the best buy levels. 5) Buy Levels : Utilizing Fibonacci levels 1.236 and 1.618...

Rockersgeng

1) Yesterday's daily timeframe candle indicates sellers are more dominant than buyers. 2) Today's strategy will focus on selling. 3) The trendline support has been successfully broken. 4) I am waiting for the price to make a retracement before selling. 5) Entry will be made at the plotted box. 6) Always remember this: BREAKOUT - PULLBACK - ENTRY!

Rockersgeng

1) Observing AO, I predict a potential divergence as AO will form a LH (Lower High). 2) This divergence may lead to a change in direction from bullish to bearish. 3) I anticipate a slight increase in price before a downturn occurs. 4) To identify the optimal selling zone, I use Fibonacci retracement at levels 1.236 and 1.618. 5) If the price remains below...

Rockersgeng

1) Gold has successfully broken the upper trendline, indicating a potential continuation of the uptrend. 2) My strategy is to focus on buying. 3) Remember the term "BREAKOUT - PULLBACK - ENTRY." 4) Now that the price has broken, we need to wait for a pullback before entering. 5) The boxed area marked is suitable for buying because it aligns with the trendline...

Rockersgeng

1) Structure still shows a downtrend, but the AO indicates a potential higher low (HL), raising the question of whether this signals a bullish divergence. 2) If divergence occurs, I'll seize the opportunity to look for buying levels. 3) I rely on Fibonacci extensions to identify buy levels, particularly at 1.236 and 1.618 levels, which coincide with trendlines...

Rockersgeng

1) Technical analysis : Observing the Awesome Oscillator (AO), it appears that there is a potential formation of a Higher Low (HL) pattern, indicating bullish divergence, alongside the market structure forming Lower Lows (LL). 2) Fibonacci Retracement utilization : I utilize Fibonacci retracement tool to identify potential price levels as the best buying...

Rockersgeng

1) AO signals a potential LH formation, suggesting impending divergence and weakening upward momentum. 2) My strategy focuses on identifying optimal selling levels. I utilize tools like trendlines and Fibonacci retracement for this purpose. 3) Specifically, I prefer using Fibonacci levels 1.236 and 1.618 to pinpoint potential selling opportunities. 4) These...

Rockersgeng

1) I anticipate that USDCAD will experience an increase until it reaches the level that has been plotted before, then it will decline there. 2) This is because if we look at the previous structure, it was in an uptrend. 3) My focus is on selling when the price reaches that plotted level. 4) Additionally, the Awesome Oscillator (AO) is likely to make a...

Rockersgeng

1) I see the price movement heading towards resistance, which is the previous trendline support now turned into resistance. 2) I use Fibonacci retracement to find the best price for selling. 3) I choose the selling area between the Fibonacci levels of 1.236 to 1.618, as I see confluence with the trendline and resistance at those levels.

Rockersgeng

1) Indicating the formation of divergence between the Awesome Oscillator (AO) and price structure. 2) Forecasting a decrease in upward momentum and a transition from bullish to bearish. 3) Using trendline and Fibonacci retracement to identify the selling point. 4) Choosing the 1.236 and 161.80 zones as selling points because of their confluence with the upper...

Rockersgeng

1) AO has shown a decline and is likely to form a LH (Lower High), indicating a potential shift in trend from bullish to bearish. 2) Anticipating a divergence between price movement and indicators, suggesting a loss of bullish momentum. 3) Expecting a temporary upward movement in market structure before a continuation of the downward trend. 4) Utilizing...

Rockersgeng

Trading Plan: 1) AO and Fibonacci Analysis : - The Awesome Oscillator (AO) indicates the potential formation of a lower high (LH), which could signal divergence, suggesting a potential price decline. - Using Fibonacci retracement to identify levels where the price of gold may experience temporary increases. - Levels 1.236 and 1.618 may be relevant,...

Rockersgeng

1) The structure forms a new lower low, indicating downward pressure in the current trend. 2) There's a breakout from the support trendline which is likely to turn into resistance. 3) Price movement is expected to rise towards the Fibonacci retracement area between 50-61.8% before further decline. 4) The boxed area is marked as a confluence zone encompassing...

Rockersgeng

Summary of Gold Analysis: 1) The decision is to sell within the plotted box. 2) In this zone, there's confluence with the trendline support turning into resistance. 3) The Awesome Oscillator (AO) has formed a divergence. 4) Within this box, there are Fibonacci levels of 1.236 and 161.80. 2037.50 PO sell limit , 2041.00 SL and TP 2025.00 should be ok

Rockersgeng

1) Prediction of a decrease in FCPO prices for the May contract. 2) Identification of resistance zones as the main reason for the downward prediction, including: -Trendline now acting as resistance. -Fibonacci retracement levels (78.60%, 1.236) and extensions (161.8). 3) The presence of a QM pattern, indicating a possible trend reversal.

Rockersgeng

-Focus on selling around the box. -The area has a trendline support that turns into resistance. -There is nearby resistance. -Fibonacci 1.236 and 161.80 levels are also present around the area.