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10/06/21 10:53
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Posts
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By tradinglounge · Posted
GBPAUD Elliott Wave Analysis Trading Lounge Day Chart, 29 September 23 British Pound/ Australian Dollar(GBPAUD) Day Chart GBPAUD Elliott Wave Technical Analysis Function:Trend Mode: impulsive Structure: Blue wave 3 of 1 Position: black wave 1(new trend) Direction Next higher Degrees:blue wave 4 of 1 Details: blue wave 3 of new downtrend in play and will go more down. Wave Cancel invalid level: 1.97503 The GBPAUD Elliott Wave Analysis on 29 September 23, focuses on the daily chart of the British Pound/Australian Dollar (GBPAUD) currency pair. Employing Elliott Wave theory, the analysis seeks to provide insights into potential market trends and price movements. The stated Function of this analysis is "Trend," indicating a primary emphasis on identifying and interpreting market movements that align with the prevailing trend. In this case, the analysis is geared toward capturing potential impulsive moves that follow the dominant market direction. The Mode is described as "impulsive," suggesting an anticipation of strong and decisive price movement. This implies an expectation of significant and directional price shifts, a characteristic of impulsive waves. Regarding the Market Structure, it is identified as "Blue wave 3 of 1." This implies that the analysis is primarily concerned with understanding the development of this specific wave within the broader Elliott Wave framework. Wave 3 is typically known for strong directional movements. The Position specifies "black wave 1" as the current market position, suggesting the initiation of a new trend cycle. This implies a potential bearish phase for the GBPAUD pair. The Direction Next Higher Degrees points to "blue wave 4 of 1," highlighting the analysis's focus on monitoring and interpreting the ongoing development of this specific wave within wave 1. Wave 4 is generally associated with corrective price movements. In the Details section, it is mentioned that "blue wave 3 of a new downtrend" is currently in play and expected to continue moving lower. This suggests a bearish sentiment in the market, with an anticipation of further downward price action. The "Wave Cancel invalid level" is specified as 1.97503, serving as a reference level for managing trading risks and potential trade entry or exit points. In summary, the GBPAUD Elliott Wave Analysis on 29 September 23, indicates that the market is currently in a bearish trend, with a particular focus on the development of "blue wave 3" within this trend. Traders are advised to monitor the progression of this wave and prepare for potential impulsive price movements in the bearish direction. The specified invalid level serves as a reference point for risk management in trading decisions. -
By tradinglounge · Posted
GBPAUD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 29 September 23 British Pound/ Australian Dollar(GBPAUD) 4 Hour Chart GBPAUD Elliott Wave Technical Analysis Function:Trend Mode: impulsive Structure: Red wave 3 of 3 Position: black wave 1(new trend) Direction Next lower Degrees:blue wave 3 of 3 continue Details: red wave 2 of 3 is looking completed at 1.91325 , now wave 3 of 3 in play . Wave Cancel invalid level: 1.97503 The GBPAUD Elliott Wave Analysis on 29 September 23, examines the 4-hour chart of the British Pound/Australian Dollar (GBPAUD) currency pair, utilizing Elliott Wave theory to provide insights into potential market trends and price movements. The analysis begins by defining its Function as "Trend," indicating a primary focus on identifying and interpreting market movements that align with the prevailing trend. In this context, the emphasis is on capturing potential impulsive moves that follow the dominant market direction. The Mode is described as "impulsive," which implies an expectation of strong and decisive price movement. This suggests anticipation of significant and directional price shifts, characteristic of impulsive waves. The Market Structure is identified as "Red wave 3 of 3," emphasizing the significance of wave 3 within the broader Elliott Wave framework. This indicates that the analysis is primarily concerned with understanding the development of this specific wave within the larger wave structure. The Position specifies "black wave 1" as the current market position, suggesting the initiation of a new trend cycle. This implies a potential bullish phase for the GBPAUD pair. The Direction Next Lower Degrees points to "blue wave 3 of 3 continue," highlighting the analysis's focus on monitoring and interpreting the ongoing development of this specific wave within wave 3. In the Details section, it is mentioned that "red wave 2 of 3" is considered completed at the level of 1.91325. The analysis now anticipates the commencement of "wave 3 of 3," indicating an expectation of strong and impulsive price movement in the bullish direction. The "Wave Cancel invalid level" is specified as 1.97503, serving as a reference level for managing trading risks and potential trade entry or exit points. In summary, the GBPAUD Elliott Wave Analysis on 29 September 23, suggests that the market is currently in a bullish trend, with a particular focus on the development of "red wave 3 of 3" within this trend. Traders are advised to monitor the progression of this wave and prepare for potential impulsive price movements in the bullish direction. The specified invalid level serves as a reference point for risk management in trading decisions. -
By Emperortraders · Posted
Liquidity is either buy or sell side and liquidity Purge...CHoch change of characters is simply MSS market structure shift. Confusing
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Question
dan0809
Does IG charge for open and close position separately? I'm quite new and it looks like I was charge 15$ for opening and closing the same position.
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