TheAnonymousBanker

TheAnonymousBanker Updated 

From a technical perspective, if Gold triggers trendline breakout, another bullish consolidation is possible, and the price should approach the resistance area in the short term. At the same time, if the swing manages to maintain a support area, we do not exclude the development of a harmonic structure with a target around 2,000. At the moment, we are still below...

TheAnonymousBanker Updated 

Hi Traders! From a technical point of view, Gold is approaching some interesting support levels, and we cannot rule out some technical rebound, perhaps at the beginning of next week. If Gold falls below these levels, in the short term we expect some profit taking and some timid rebound cannot be ruled out. Move stop loss to breakeven as soon as possible. Trade...

TheAnonymousBanker Updated 

Hi Traders! From a technical point of view, the trend is bearish so trying a bullish trade is very speculative (high risk of failure), so it should be right to try to take a long position with a small size, possibly there will be time to add new positions. Having said that, we have greatly simplified our setup on the chart, because we will look for some reversal...

TheAnonymousBanker Updated 

The Australian dollar might give back most of its recent gains against the U.S. if the Reserve Bank of Australia opts not to raise rates next week, given the groundswell of opinion backing a hike. Thirty-five out of 39 economists polled by Reuters expect the RBA to increase rates on Nov. 7, with only four predicting a hold. All of the “Big Four” Australian banks...

TheAnonymousBanker Updated 

From a technical point of view, the trend is bullish on intraday chart, but at the same time it should be logical to appear some corrective structure. the pair is currently approaching a very important resistance area. Trade with care Like | Share | Comment

TheAnonymousBanker Updated 

From a technical point of view, the trend is bearish on intraday chart, but if the pair manages to stay above wave B, an interesting technical bounce is possible. Looking at the 1H chart we have a resistance area (Target 1) around 1,060/1,063, here the pair could form a bearish harmonic structure (see chart below). If the pair triggers wave A breakout, the...

TheAnonymousBanker Updated 

From a technical point of view, Trend is bullish on Daily and Intraday charts. At the same time, if we look at 1H chart, our impulsive structure 12345 could soon be completed, and this bullish consolidation (we are currently still working wave 5) could become an interesting opportunity to sell Gold as a tactical strategy. From our point of view, it might be...

TheAnonymousBanker Updated 

While waiting for completion of our impulsive structure (see chart below), from a technical point of view, it is possible to follow some speculative trade. In this case, we can try to take a long position with a stop loss somewhere below yesterday's low. This is a high risk trade, so it would be a good choice to use a small size. (Click and Play on chart below)...

TheAnonymousBanker Updated 

Although we cannot yet rule out a new bottom on daily chart, from a technical point of view, we are approaching an interesting support area, and this should trigger a bullish reaction on the pair. That said, our short-term view is bullish and we will follow the development in the next few hours on intraday chart (Reversal Pattern formation is necessary to trigger...

TheAnonymousBanker Updated 

Technically the FX:USDCAD pair seems to follow 12345 bullish impulse structure on intraday chart. Having said this, it is possible to follow 2 setups (bearish and bullish) on levels shown on the chart. On the short side, it is good to monitor and manage the position closely and move stop loss to breakeven as soon as possible. In this case the expected pullback...

TheAnonymousBanker Updated 

From a technical point of view,, as long as the corrective structure does not fail, a bearish leg is still possible. That being said, if this analysis is correct a 3 or 5 wave bearish pattern should appear. With that in mind, the trend is bullish on the intraday chart, so use small size for this trade, even if the risk is very limited.

TheAnonymousBanker Updated 

Hi Traders! Medium and Long-Term Trends are bullish, but in short term SP500 could remain bearish even after a pullback. If we look at daily chart, the Price Action is approaching an important support area around 4,305, if from here it triggers a bullish leg, it's possible a harmonic structure formation (for us, bearish). Having said that, we have a first Target...

TheAnonymousBanker Updated 

The market is waiting for one of the most important events that could give a clear direction for the coming months. Today FOMC will release interest rate decision and the main players ( TVC:DXY , TVC:GOLD , VANTAGE:SP500 and FX:EURUSD ) will suffer the consequences. Even if we cannot rule out a 25bp increase, most analysts believe that a pause may be the right...

TheAnonymousBanker Updated 

Monday's session could be used as a driver for next week, on Friday the markets closed the weekly, monthly and quarterly bar, so in compliance with what has been said, we should be cautious, at least during the next 1-2 sessions. Having said this, it could be interesting to follow next sessions on small time frame (intraday charts) in search of some Pattern to...

TheAnonymousBanker

Even if at the moment we cannot yet confirm this Pattern, we do not exclude a technical bounce first, and potential Head and Shoulders on 1H chart with Target around 1,900 area. With this in mind, we wait for the first signal of a technical rebound and follow its dynamics, from a technical point of view, if Gold triggers a bullish leg with 5 waves, it is possible...

TheAnonymousBanker Updated 

From a technical point of view, on 1H chart we have a support area around 1.0550, and some corrective structure like a ABC Pattern is possible. Having said that, the trend is bearish, so we consider this corrective structure as a technical rebound, at least for the moment. Trade with care Like | Share | Comment

TheAnonymousBanker

Trend is bearish but at the same time, on intraday chart a corrective structure is possible in short term. That said, if the pair triggers a bullish (impulsive) leg, it might be interesting to take a long position on pullback. From a technical point of view, the potential technical rebound should take the shape of ABC Pattern.

TheAnonymousBanker Updated 

In mid-long term we are not so much bearish about NASDAQ:COIN and we think that the bulk of the descent has already been done. Although potentially a bearish structure (wave 5) could still be missing, by the end of 2023 we expect a rally around 110 area . At this moment we are obviously not talking about trading but about some interesting investment...