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    • Bitget as a platform often does its best when it comes to innovative developments set to propel it to greater heights.    From the likes of Copytrading, Grid trading bots and Smart Portfolio bot, a new K line sharing feature which allows affiliates on BG to create buy and sell signals directly on the chsrts for direct referrals.   This feature is tailored towards enhancing seamless trading for both novice and experienced traders.   In my opinion, this is really amazing stuff, it is simple for both affiliates and direct referrals. This is practically a step in the right direction, I'm looking forward to more exciting products like this.   To be accessed; Affiliates need to;  1. Go to Marketing tools page and click sharsd chart, choose a pair and create the K line strat. 2. There's a + icon, once you click you can quickly create buy/sell signals and click confirm. For referrals; Go to the trading page, click the redbox symbol to activate feature, once the signal syncs click + button and review order details then click buy or sell to execute.   Easy Peasy stuff.
    • Asian stocks were mixed as markets waited for Friday's PCE data in the US. The Japanese yen is close to 160 per dollar, raising concerns about potential intervention by Japanese authorities. Hawkish comments from Federal Reserve officials have tempered expectations for near-term US rate cuts. Australian consumer inflation hit a six-month high in May, boosting the Australian dollar and causing Deutsche Bank and Morgan Stanley to both revise their view to expecting a 25bps hike by the RBA in August. Japanese and Taiwanese stocks rose, led by chipmakers, following the rally in the tech-heavy Nasdaq, which found renewed upward momentum after several days of declines. The Japanese yen's weakness has prompted speculation about potential intervention, with the Bank of Japan hinting at possible quantitative tightening in July. 
    • EURGBP Elliott Wave Analysis Trading Lounge Day Chart Euro/British Pound (EURGBP) Day Chart EURGBP Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Impulsive STRUCTURE: Gray Wave 5 POSITION: Orange Wave C DIRECTION NEXT HIGHER DEGREES: New Uptrend Expected DETAILS: Gray Wave 4 of Orange Wave C appears completed, now Gray Wave 5 is in play. Wave Cancellation Invalid Level: 0.84782 The EURGBP Elliott Wave analysis on the day chart focuses on identifying a counter trend in the market using Elliott Wave principles. This analysis highlights an impulsive counter trend movement, indicating a strong and clear directional move. Key Observations: Market Structure: Currently identified as Gray Wave 5, suggesting the market is in the fifth wave of this sequence. According to Elliott Wave theory, the fifth wave is typically the final wave in the current trend direction before a reversal or significant correction. Current Position: Orange Wave C, indicating progression within a larger sequence, specifically the C wave of the orange wave. The C wave is part of a corrective phase, leading to the completion of the larger wave sequence. Next Higher Degrees: A new uptrend is expected after the current wave completes, suggesting the market is nearing the end of its current wave sequence and likely to reverse and start a new upward trend. Detailed Observations: Gray Wave 4 of Orange Wave C appears to be completed, transitioning into Gray Wave 5. This phase is crucial as it often represents the last push in the current trend before a major reversal or significant correction. Wave Cancellation Invalid Level: Set at 0.84782, this level acts as a threshold for validating the current wave count. If the market price moves beyond this level, it invalidates the existing wave structure, necessitating a reassessment of the Elliott Wave count and potentially altering the market outlook. Summary: The EURGBP day chart analysis identifies a counter trend within Gray Wave 5, currently positioned at Orange Wave C. The completion of Gray Wave 4 signals the beginning of Gray Wave 5, with the expectation of a new uptrend following this phase. The wave cancellation invalid level at 0.84782 serves as a crucial validation point for the current wave structure.   EURGBP Elliott Wave Analysis Trading Lounge 4 Hour Chart Euro/British Pound (EURGBP) 4 Hour Chart EURGBP Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Impulsive STRUCTURE: Gray Wave 5 POSITION: Orange Wave C DIRECTION NEXT LOWER DEGREES: Gray Wave 5 (Continue) DETAILS: Gray Wave 4 of Orange Wave C appears completed, now Gray Wave 5 is in play. Wave Cancellation Invalid Level: 0.84782 The EURGBP Elliott Wave analysis on the 4-hour chart focuses on identifying the counter trend in the market using Elliott Wave principles. This analysis highlights an impulsive counter trend movement, indicating a strong and clear directional move. Key Observations: Market Structure: Currently identified as Gray Wave 5, suggesting the market is in the fifth wave of this sequence. According to Elliott Wave theory, the fifth wave is typically the final wave in the current trend direction before a reversal or significant correction. Current Position: Orange Wave C, indicating progression within a larger sequence, specifically the C wave of the orange wave. The C wave is part of a corrective phase, leading to the completion of the larger wave sequence. Next Lower Degrees: After the completion of the current wave, the market is expected to continue into Gray Wave 5. This represents the continuation and potentially the final leg of the current impulsive movement, suggesting the market is nearing the end of its current wave sequence. Detailed Observations: Gray Wave 4 of Orange Wave C appears completed, transitioning into Gray Wave 5. This phase is crucial as it often represents the last push in the current trend before a major reversal or significant correction. Wave Cancellation Invalid Level: Set at 0.84782, this level acts as a threshold for validating the current wave count. If the market price moves beyond this level, it invalidates the existing wave structure, necessitating a reassessment of the Elliott Wave count and potentially altering the market outlook. Summary: The EURGBP 4-hour chart analysis identifies a counter trend within Gray Wave 5, currently positioned at Orange Wave C. The completion of Gray Wave 4 signals the beginning of Gray Wave 5, with the wave cancellation invalid level at 0.84782 serving as a crucial validation point for the current wave structure.   Technical Analyst : Malik Awais Source : TradingLounge.com get trial here!  
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