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10/06/21 10:53
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By tradinglounge · Posted
NZDUSD Elliott Wave Analysis Trading Lounge Day Chart, 7 December 23 New Zealand Dollar/U.S.Dollar (NZDUSD) Day Chart NZDUSD Elliott Wave Technical Analysis Function: Trend Mode: corrective as red wave 4 Structure: red wave 4 of 3 Position: Black wave 1 Direction Next Higher Degrees:red wave 5 of 3 Details; red wave 4 of blue wave 3 is in play , after that red wave 5 will start . Wave Cancel invalid level: 0.60536 The "NZDUSD Elliott Wave Analysis Trading Lounge Day Chart" dated 7 December 23, provides a comprehensive examination of the New Zealand Dollar/U.S. Dollar (NZDUSD) currency pair's price action within a daily timeframe. Employing Elliott Wave analysis, the report aids traders in understanding the ongoing trends, corrections, and potential future movements in the market. The designated "Function" of the market is identified as "Trend," indicating a primary focus on recognizing and capitalizing on the prevailing directional movement. Understanding the trend is crucial for traders aligning their strategies with the predominant market dynamics. The analysis characterizes the current market "Mode" as "corrective as red wave 4," signifying that the present phase is corrective within the context of the fourth wave in the Elliott Wave sequence. Corrective waves typically represent temporary counter-trend movements before the primary trend resumes. The primary "Structure" is labeled as "red wave 4 of 3," providing insights into the ongoing correction within the larger Elliott Wave structure. This information is essential for traders seeking to grasp the current phase within the broader market context. The specified "Position" is denoted as "Black wave 1," offering information about the current wave count within the broader Elliott Wave sequence. This aspect assists traders in understanding the market's position within the larger wave cycle. The directional guidance for "Next Higher Degrees" is projected as "red wave 5 of 3," indicating an expectation of the next impulsive wave within the overarching trend. This guidance is valuable for traders aiming to align their positions with the anticipated direction of the trend. In terms of "Details," the analysis notes that "red wave 4 of blue wave 3 is in play," signaling an ongoing corrective phase within the context of the third wave of a larger degree. The anticipation is that, following this correction, "red wave 5" will commence, representing the resumption of the overall trend. The "Wave Cancel invalid level" is identified as "0.60536," serving as a critical threshold. If the market reaches this level, it would invalidate the current wave count, prompting a reconsideration of the prevailing market conditions. In summary, the NZDUSD Elliott Wave Analysis for the Day Chart on 7 December 23, highlights a corrective movement labeled as "red wave 4 of 3." The analysis provides insights into the wave structure, position, expected next wave, and a crucial level for potential wave cancellation within the broader trend. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
NZDUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 7 December 23 New Zealand Dollar/U.S.Dollar (NZDUSD) 4 Hour Chart NZDUSD Elliott Wave Technical Analysis Function: Trend Mode: corrective as red wave 4 Structure: red wave 4 of 3 Position: Black wave 1 Direction Next Higher Degrees:red wave 5 of 3 Details; red wave 4 of blue wave 3 is in play , after that red wave 5 will start . Wave Cancel invalid level: 0.60536 The "NZDUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart" dated 7 December 23, delves into the intricacies of the New Zealand Dollar/U.S. Dollar (NZDUSD) currency pair's price movements over a four-hour timeframe. Employing Elliott Wave analysis, the insights provided are crucial for traders seeking to decipher potential trends and corrections in the market. The analysis designates the market "Function" as "Trend," highlighting a predominant focus on identifying and capitalizing on the current market trend. Recognizing the trend is fundamental for traders aligning their strategies with the prevailing price movements. The identified "Mode" characterizes the market movement as "corrective as red wave 4," indicating that the present phase is corrective within the context of the fourth wave in the Elliott Wave sequence. Corrective waves typically represent temporary counter-trend movements. The primary "Structure" is labeled as "red wave 4 of 3," offering insights into the ongoing correction within the larger Elliott Wave structure. This information aids traders in understanding the current phase in the overall market context. The specified "Position" is denoted as "Black wave 1," providing information about the current wave count within the broader Elliott Wave sequence. This aspect helps traders gauge the market's position within the larger wave cycle. The directional guidance for "Next Higher Degrees" is projected as "red wave 5 of 3," indicating an expectation of the next impulsive wave within the overarching trend. This information is invaluable for traders looking to align their positions with the anticipated direction of the trend. In terms of "Details," the analysis notes that "red wave 4 of blue wave 3 is in play," signaling an ongoing corrective phase within the context of the third wave of a larger degree. The anticipation is that, following this correction, "red wave 5" will commence, representing the resumption of the overall trend. The "Wave Cancel invalid level" is identified as "0.60536," serving as a critical threshold. If the market reaches this level, it would invalidate the current wave count, prompting a reconsideration of the prevailing market conditions. To summarize, the NZDUSD Elliott Wave Analysis for the 4-hour chart on 7 December 23, reveals a corrective movement labeled as "red wave 4 of 3." The analysis provides insights into the wave structure, position, expected next wave, and a crucial level for potential wave cancellation within the broader trend. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 7 December 23, Binance/ U.S. dollar(BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat Position: Wave C Direction Next higher Degrees: wave (2) of Impulse Wave Cancel invalid level: Details: wave (2) may end at 224.0 and the price increase again in wave (3) Binance/ U.S. dollar(BNBUSD)Trading Strategy : Binance's recovery has been good, with five waves rising from the 202.8 level, giving us an overall bullish outlook. The correction is likely to end at the level of 222.6 and the price is entering another uptrend in wave 3. Binance/ U.S. dollar(BNBUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, Wave Oscillators a Bullish Momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 7 December 23, Binance/ U.S. dollar(BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat Position: Wave C Direction Next higher Degrees: wave (2) of Impulse Wave Cancel invalid level: Details: wave (2) may end at 224.0 and the price increase again in wave (3) Binance/ U.S. dollar(BNBUSD)Trading Strategy : Binance's recovery has been good, with five waves rising from the 202.8 level, giving us an overall bullish outlook. The correction is likely to end at the level of 222.6 and the price is entering another uptrend in wave 3. Binance/ U.S. dollar(BNBUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, Wave Oscillators a Bullish Momentum.
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Question
ViktorDenving
Hi, I'm currently evaluating to which new(for me) broker I'd like to move to and therefore trying out IG’s demo accounts and particularly CFD Web platform. And have been experienc this glitch couple of times, please see attached, and was wondering if this is a known issue or is this solely isolated to demo accounts?
Sometimes while placing buy/sell order a popup appears saying no position could be taken. However , after couple of minutes i can see that order somehow went through but it is only visible as profit or loss and cannot be closed. Sorry for bad quality pictures, 2 of them are from mobile app and one is of my web screen. The message says I have no positions open while trying to close potions on the chart. After a while glitch disappears, but account value is changed in the direction off my non existing position was headed. Any ideas what's creating this?
I like the platform overall, but frustrated that it my be a great issue when I will begin with a live account.
kindly,
V
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