anilmangal

AUDUSD UNDERSTANDING STRUCTURE & WHY YOU WAIT FOR CONFIRMATION

FX:AUDUSD   Australian Dollar / U.S. Dollar
10395 11 276
Hello Traders, The AUDUSD             is in a corrective structure which is still not complete. I am personally bias downside but if you watch any of my webinars you would know i like to have CONFIRMATION OF MY BIAS before i take a trade. I am short NZDUSD             and stops are at BE. If you are in a short in AUDUSD             and stops are in profit or BE keeping the trade is good idea but if you are not it's better to wait for a flag before you sell. This sharp move down could be a C wave in a 3 wave correction for more upside so unless it makes a flag or lower degree corrective structure to prove continuation selling here is very high risk.

Trade with care
Thank you for your support
See you my weekly outlook today.
Comment: Hope this is a learning moment about how structure works !!
Comment: As you have seen waiting for confirmation before you sell is a good thing !!
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Comment: Still looks like more upside
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yes i think so too
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its amazing
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I don't think AU can go far like you
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lincolnborgesrp lincolnborgesrp
Hello Anil, im new trader and trying to learn from you, as you said, everybody needs a mentor.
Do you think AUDUSD is doing this configuration ?
Thank you very much
(Sorry bad english, Im Brasilian)
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anilmangal PRO lincolnborgesrp
i don't see that way , but let's see.
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^_^
+6 Reply
Thanks, master. It seems that i short too early.
+1 Reply
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