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10/06/21 10:53
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Hey fellow traders! I wanted to share some exciting news with you all regarding the AUDUSD currency pair. Over the past few days, I've been closely monitoring its movements, and I'm thrilled to report a significant development. The price has finally broken below the immediate support level at 0.6564, indicating a successful breakout. Now, here's the exciting part. The price is currently retracing towards this former support level, which has now transformed into a resistance zone. If the price fails to break and close above this resistance level, there is a high potential for a bearish push, with a target towards the major support at 0.6177. This presents a fantastic opportunity for us traders to profit from the downward movement, potentially gaining a massive 400 pips. Keep a close eye on the price action and watch for any signs of rejection at the resistance zone. If the bears take control, it could be a rewarding trade! Remember, always exercise caution and implement appropriate risk management strategies. Good luck and happy trading! -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 2 June 23, AAVE Token/U.S.dollar(AAVEUSD) AAVEUSD Elliott Wave Technical Analysis Function: Reactionary(Counter Trend) Mode: Corrective Structure: Double Combined Position: Wave (Y) Direction Next higher Degrees: Wave ((2)) of Motive Details: Wave ((2)) may have ended at the level of 60.171. Five waves of rise and break of the level of 74.219 will support this idea. Wave Cancel invalid Level: 60.171 AAVE Token/U.S.dollar(AAVEUSD)Trading Strategy: Wave ((2)) may end at the level of 60.171, five rising waves will support this idea. but even so Price Remains in Bear Market Control As it is below the MA200 line, there is still a risk of entering a long position. AAVE Token/U.S.dollar(AAVEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are Bearish momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 2 June 23, AAVE Token/U.S.dollar(AAVEUSD) AAVEUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 3 Direction Next higher Degrees: Wave (1) of Motive Details: Wave 3 is usually equal to 1.618 multiplied Length of wave 1 Wave Cancel invalid Level: 60.171 AAVE Token/U.S.dollar(AAVEUSD)Trading Strategy: Wave ((2)) may end at the level of 60.171, five rising waves will support this idea. but even so Price Remains in Bear Market Control As it is below the MA200 line, there is still a risk of entering a long position. AAVE Token/U.S.dollar(AAVEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are Bearish momentum. -
Look ahead to 2/6/23: US jobs; Baker Hughes rig count After the stronger than expected private payrolls number from ADP, risks would seem to be on the upside for the US non-farm jobs number on Friday. Jeremy Naylor | Analyst, London | Publication date: Thursday 01 June 2023 IGTV’s Jeremy Naylor looks at USD/JPY as a potential trade. Outside of this watch Brent around the Baker Hughes rig count.
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Question
Guest pns
Is anyone else facing the problem of not being able to setup a bank withdrawal mechanism? I have been trying to set this up but the bank acct details are not at all apprearing even after providing the bank statement to help desk for verification.
Helpdesk is useless as they keep asking me to send bank statement and no response after sending the doc. This is really FRUSTRATING. I have had a very poor experience with IG. More than dozen emails on this but still they could not resolve this. I hate their services.
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