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    • Hi @Omegaguy123, Please note that this is due to the higher broker margin requirements which will need to be transferred to the client and make leveraged trading unfeasible. Thanks, KoketsoIG
    • Elliott Wave Analysis TradingLounge Daily Chart, 22 February 24, ChainLink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave V Direction Next higher Degrees: Wave (I) of Impulse Wave Cancel invalid Level: 8.498 Details: Wave V is equal to 61.8% of Wave I through Wave III at 23.117 ChainLink/ U.S. dollar(LINKUSD)Trading Strategy: The increase in wave ((3)) precedes the correction in wave ((5)) and is at the end of the increase, so watch out for a correction that will occur soon. ChainLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here!         Elliott Wave Analysis TradingLounge 4Hr Chart, 22 February 24, ChainLink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave V Direction Next higher Degrees: Wave (I) of Impulse Wave Cancel invalid Level: 8.498 Details: Wave V is equal to 61.8% of Wave I through Wave III at 23.117 ChainLink/ U.S. dollar(LINKUSD)Trading Strategy: The increase in wave ((3)) precedes the correction in wave ((5)) and is at the end of the increase, so watch out for a correction that will occur soon. ChainLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.    
    • EURUSD Elliott Wave Analysis Trading Lounge Day Chart, 22 February 24 Euro/U.S.Dollar(EURUSD) Day Chart EURUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: blue wave 1 POSITION: Black wave 3 DIRECTION NEXT LOWER DEGREES:blue wave 2   DETAILS: blue wave Y of 2 looking completed at 1.06985 . Now blue wave 1 of 3 is in play . WaveCancel invalid level: 1.06985 The "EURUSD Elliott Wave Analysis Trading Lounge Day Chart" for 22 February 24, provides a comprehensive analysis of the Euro/U.S. Dollar (EURUSD) currency pair, employing Elliott Wave principles to offer insights into potential market movements. This analysis is conducted on a daily chart, providing a broader perspective on the market. The primary identified "FUNCTION" is "Trend," indicating the focus on understanding and capitalizing on the overarching direction of the market. Recognizing the trend is vital for traders to align their strategies with the prevailing market sentiment. The specified "MODE" is "Impulsive," suggesting that the market is currently characterized by strong, directional price movements. Impulsive waves typically represent the core trend and offer substantial trading opportunities. The described "STRUCTURE" is "Blue wave 1," signifying the current phase within the Elliott Wave sequence. Wave 1 is often the initial stage of a new trend and is closely monitored by traders for potential opportunities to enter or exit positions. The designated "POSITION" is "Black wave 3," indicating the current placement within the broader Elliott Wave pattern. Wave 3 is typically the most forceful and extended wave in the sequence, signifying a robust trend in the direction established by the first two waves. In terms of "DIRECTION NEXT LOWER DEGREES," the analysis highlights "Blue wave 2," suggesting an anticipated corrective wave following the completion of the impulsive Blue wave 1. The "DETAILS" section specifies that "Blue wave Y of 2 looking completed at 1.06985. Now blue wave 1 of 3 is in play." This implies the conclusion of a corrective phase (wave Y of 2) and the initiation of the powerful impulsive wave 1 of 3. The "Wave Cancel invalid level" is set at 1.06985. This level is critical for traders as it represents the point at which the current wave count would be invalidated. In summary, the EURUSD Elliott Wave Analysis for the day chart on 22 February 24, indicates a strong impulsive trend with the market commencing Blue wave 1 of 3. Traders are advised to monitor the development of this wave and be mindful of the invalidation level at 1.06985. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!    
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