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10/06/21 10:53
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🔸Hello traders, let's review the 4 hour chart for AUDUSD today. Recently price was locked inside distribution trading range and subsequently it broke down below key s/r level near 6600 and hit 6500. Following the normal distribution pattern. 🔸Short-term expecting throwback to re-test mid of the distribution range and then expecting new wave of short-selling once we trigger 6700. Bears still maintain strategic control. 🔸Recommended strategy for AUDUSD bears: wait for the short-term bounce to complete near 6700 and then re-enter on SELL SIDE. TP1 bears +200 pips TP2 bears final +400 pips at 6350. Keep in mind this is a swing trade setup so will take more time to complete. good luck! 🎁Please hit the like button and 🎁Leave a comment! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
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By tradinglounge · Posted
Analog Devices Inc., Elliott Wave Technical Analysis Analog Devices Inc., (ADI:NASDAQ): Daily Chart, 31 May 23, ADI Stock Market Analysis: We reacted higher off equality of C vs. A as expected and we seem to be wanting to continue higher. ADI Elliott Wave Count: Wave C of (2). ADI Technical Indicators: Above 200EMA. ADI Trading Strategy: Looking for further upside into wave 1 to resume upside, we will have additional confirmation once we break the top of wave B. TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here! Analog Devices Inc., ADI: 1-hour Chart, 31 May 23, Analog Devices Inc., Elliott Wave Technical Analysis ADI Stock Market Analysis: Looking for a potential five wave move off the lows, e are now expecting a three wave move into wave (ii) to then look for potential longs. ADI Elliott Wave count: Wave (i) of {i}. ADI Technical Indicators: 20EMA as support. ADI Trading Strategy: Looking for a three wave move pullback in wave (ii) before resuming higher. -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 31 May 23, Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Reactionary(Counter Trend) Mode: Corrective Structure: Zigzag Position: Wave(C) Direction Next higher Degrees: wave ((2)) of Motive Details: Wave ((2)) is likely to end at the level of 25874.30. A five-wave rise will confirm this idea. Wave Cancel invalid level: 25874.30 Bitcoin/U.S. dollar (BTCUSD)Trading Strategy: Bitcoin has recovered well from the 25874.30 level and can still hold above the MA200 line, leading us to expect Wave 2 to end at 25874.30, the price is returning to an upward trend, and a five-wave rise will support this idea. Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend MACD and RSI are bullish momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 31 May 23, Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 5 Direction Next higher Degrees: wave (C) of Zigzag Details: Wave (C) is likely to end at the level of 25874.30. A five-wave rise will confirm this idea. Wave Cancel invalid level: 25874.30 Bitcoin/U.S. dollar (BTCUSD)Trading Strategy: Bitcoin has recovered well from the 25874.30 level and can still hold above the MA200 line, leading us to expect Wave 2 to end at 25874.30, the price is returning to an upward trend, and a five-wave rise will support this idea. Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend MACD and RSI are bullish momentum.
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Question
Guest EA-trader
I was banned, as a customer of IG with a trading account going over many years.I have never sold anything on forums, I never will.Advertising on I G forums is prohibited, to pass this rule, links are posted to sites, under the disguise of teaching/educating /I G customers.At the site linked on I G forum, paid education and courses is being offered to I G customers.Many I G customers are highly intelligent people, they are observing charlatan behaviour on the forum, it is important these links to other paid sites are not posted here.
Forums are marketing sites,where everyone gathers to market their waes,directly or indirectly, subliminally and intentionally to lead I G clients to their own forum sites, where rebates are offered to the poster of the links.
I am now going to post the posts where the forum is being misused, for indirectly advertising sites that sell education,trading courses and other merchandise.Like minded traders don't come to IG forum,to have their time wasted by links to other sites selling education etc.If a poster can not post any original stuff from their own charts, they should refrain from from copying and pasting .copyright material from other sites, under the pretence of educating IG customers.I G customers like myself do not to visit these links and only to find an educational course being offered, for a price..
I post my own original charts and do not post links to internet marketeers.I develop my own EAS, I post my own charts and their performance.
Casey has been posting links to many paid sites, where money is being asked for services, it constitutes advertising for rebates or direct benefits. We don't know who owns these sites, if it is Casey or his friends, we will never tell.I G do not want a situation, where a client is scammed on these sites, as a result of these links posted.I have many cases, where clients have had thousands of dollars lost on internet scammers and forums scamming.
All the forums have had their own scams.Ig customers should be careful of internet scammers.
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