TheAnonymousBanker

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 

Hello Traders! The FED's monetary policy is not convincing the markets, but Powell seems very determined to meet his inflation targets. In near term, market seems to want to counter this hawkish monetary policy, but that could change going forward. In short term, yields remain at high levels and I don't exclude that this rally could continue for the last bullish...

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 

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...

TheAnonymousBanker Updated 

As we can see from the chart above, the previously shared analysis hasn't changed (see chart below). From a technical point of view, we have considered the idea of a potential bullish swing developed with at least 3 legs, such as ABC for example )without excluding an impulsive structure 12345 with Target above the previous Top). Now, instead of following the pair...

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 

There are many considerations that can be made about Gold, and today we share some of them. In this geopolitical and economic context, Gold is an important pawn on the chessboard. If we want to understand where the price could go in the coming months, we need to understand why we got this far today (as I write the Spot price is 1925). 💡 What is really supporting...

TheAnonymousBanker Updated 

From a technical point of view, on intraday chart we have an interesting support area just below 1900. If a bullish reaction appears, wait for the clear signal (wave A) and try to take Long position on pullback (wave B). Trade with care Like | Share | Comment PREVIOUS SETUP

TheAnonymousBanker Updated 

Hi everybody! On weekly Chart the trend is bullish , but although the pair formed a nice impulsive rally, at the moment, I still consider the main trend as a big corrective pattern (ABC Pattern). Even though the price rejected from 149.25 area (wave C), the wave was very steep and I don't rule out its transformation into an impulsive wave (12345). If this happens...

TheAnonymousBanker Updated 

Many of you already know this big picture on daily chart, in the last few weeks we have been following this beautiful rally. Having said that, the trend is bullish on daily chart, but at the same time we don't rule out some corrective structure i short term. From a technical point of view, we have shown on the chart two potential areas useful for trying to take a...

TheAnonymousBanker Updated 

We already shared our view on daily chart last week (see analysis below), so today we will look for some potential Patterns on intraday chart. Having said that, if we look at the 1H chart, we cannot exclude the formation of Inverted Head and Shoulders, if this fails, the Price Action should trigger a new Low and a return to the bearish trend also on daily chart....

TheAnonymousBanker Updated 

In the last few sessions we have seen an interesting consolidation on intraday chart. From a technical perspective, this bearish leg could also be a 12345 impulsive structure. That said, some corrective structure is possible in short term. In this specific case, the problem is not "if" we reach the Target, but "when" we will reach it and from where the technical...

TheAnonymousBanker Updated 

Trend is bearish on intraday chart and Gold could consolidate this leg with some corrective structure (ABC or ABCDE Pattern). Having said that, we are following this bounce from 1907 area (daily support) and if it is limited to 1915 area, we cannot rule out the formation of a bearish harmonic structure. Trade with care Like | Share | Comment