anilmangal
Short

AUDUSD Don't miss it if it breaks!!

FX:AUDUSD   Australian Dollar/U.S. Dollar
15185 100 245
a year ago
Hello traders , this would be an amazing trade if it breaks so keep an eye on it .
Remember that we are expecting up move on EURUSD             and GBPUSD             .

Enjoy your weekend
Thank you for you support.
a year ago
Comment: Hope all of your in this trade !!
a year ago
Comment:
snapshot
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
arif_awan
a year ago
Don't think it would break down!!
+4 Reply
BeFX arif_awan
a year ago
What do You mean? It won't break down?
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arif_awan BeFX
a year ago
that lower line, coz if it does break to downside, down trend will resume, its critical level.
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immortal9 arif_awan
a year ago
No such thing in trading as it can't. It can and it does.
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jaejames immortal9
a year ago
right on!
+1 Reply
arif_awan arif_awan
a year ago
Oh really, why it's going up? Big daily hammer formed yesterday!!!
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anilmangal TOP arif_awan
a year ago
we will see
+5 Reply
BeFX anilmangal
a year ago
I'm with You with this Anil. "The force is strong with this one" :D
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saiaanfx anilmangal
a year ago
still valid sir..............
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arif_awan arif_awan
a year ago
Make or break
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arif_awan arif_awan
a year ago
:))
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rajenderam40
a year ago
Thanks great charts...
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anilmangal TOP rajenderam40
a year ago
thank you
+6 Reply
sumathidenward
a year ago
good work sir as all ways ....
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anilmangal TOP sumathidenward
a year ago
Thanks
+4 Reply
pardis TOP
a year ago
AND ITS MY SIMPLE CHART ..IM WAITING FOR BREAKING AND SELL
snapshot
+7 Reply
Csys pardis
a year ago
Same thing here:
Aussie short in daily
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mrdspa
a year ago
Great analysis Mr. Anil.. Same thoughts.. had it on my radar since it slightly broke the TL. will know for sure soon. Thanks
+1 Reply
anilmangal TOP mrdspa
a year ago
nice !
+3 Reply
BeFX
a year ago
Thank You very much Anil for Your analysis. I think I started to understand Your philosophy of trading and it suits me. For now, for me - following You is the only way to earn the money. I'm very gratefull for that.
+2 Reply
anilmangal TOP BeFX
a year ago
Always glad to help.
+3 Reply
BeFX anilmangal
a year ago
Please, don't be so modest :D
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FluidicFX PRO
a year ago
Once again, thanks again!
+2 Reply
anilmangal TOP FluidicFX
a year ago
thank you
+3 Reply
Bird_man_IT
a year ago
That wolfe wave is nice, but its going to fool you guys.

http://screencast.com/t/6Axs94KYt
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anilmangal TOP Bird_man_IT
a year ago
I have no clue what you are saying , but thanks for sharing !
+5 Reply
puretradelife PRO Bird_man_IT
a year ago
many programmers turn into excellent traders tought :)
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puretradelife PRO Bird_man_IT
a year ago
programmers are often capable of taking a technical ruled base approace towards trading
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Synapse Bird_man_IT
a year ago
Hi Bird_man_IT, I'm familiar with Wolfe Waves. Here is the analysis drawn up using the concept:
snapshot
I am personally short for other reasons but if a close daily close is made lower than the end of trading last week, there is going to be a lot more conviction to move lower.
AUDUSD - Bears are ready to move
Keep an open mind and pay attention to what the market is doing, and not where you think it must go.
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InsideMarket
a year ago
Legendary!
+1 Reply
anilmangal TOP InsideMarket
a year ago
thank you
+3 Reply
thank you so much Sir
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anilmangal TOP ZakariaElAkrich
a year ago
hope it gives us a nice move down
+4 Reply
TrevorFx
a year ago
Thank you Anil, lots of knowledge.
+1 Reply
AnasMhna
a year ago
thank you for this information..I've question..................should we sell on the breakout because it will break only this channel................or because we have five channels .................could you explain how did you analyse this or tell us the name of the technical that you use in this example
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Bird_man_IT AnasMhna
a year ago
Google wolfe waves.
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anilmangal TOP Bird_man_IT
a year ago
It has nothing to do wit wolfe waves , as a matter of fact I personalty have no clue what wolfe wave is .
+1 Reply
bulent_akgul PRO AnasMhna
a year ago
https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos You should watch all webinars. Also this one https://www.youtube.com/watch?v=LIBJTHwwBYA (start with this).
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dadeliou
a year ago
Tks for your hard job.
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whabtish
a year ago
great stuff!!! how do i join the trading course. i can't find it anywhere.
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anilmangal TOP whabtish
a year ago
skype me, mangal457
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TimStuyts
a year ago
Thanks Anil, looks great again, I'm already short and looking for the break as well.
Good trading!
AUDUSD
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monty776
a year ago
Thanks again Anil. Recent break of AUDNZD consolidation to the downside works with this.
+1 Reply
GoodLuckbabe
a year ago
TRIPLE THREE CORRECTION
very nice setup anil brother i hope it will go into your way as you predicted as i know you are 90% wright on your ideas but i am looking on this pair slight differently i think we are still in correction and this could be the last triple three waves correction and we may see last two legs and thank you very much for your good work
+1 Reply
anilmangal TOP GoodLuckbabe
a year ago
Thanks for sharing, although our understanding of wave structure differs.
+2 Reply
GoodLuckbabe anilmangal
a year ago
absolutely i know our understanding of wave structure differs
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Prome PRO
a year ago
I absolutely agree Anil!
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Prome PRO Prome
a year ago
I think 1H execution will be the best
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Amina66
a year ago
thaaaank youuu!
+1 Reply
Here's what the charts are based on.Many find ways to "play" with randomness but the truth is that at the present time,all markets and currencies are being manipulated and controlled by Central Banks.Yes,there are ways to make money in short movements but it all boils down to PPP ( purchasing Power Parity).This is why most traders fail or have difficulty because they are up against some pretty big experts.Before you trade you should do some homework,it's not easy.
http://fx.sauder.ubc.ca/trends.html http://fx.sauder.ubc.ca/http%3A//fx.sauder.ubc.ca/plot.html
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GoodLuckbabe RobertHerdman
a year ago
that's why trading with impulse and correction is a very good idea for retail traders
+1 Reply
anilmangal TOP RobertHerdman
a year ago
Hi Robert, I have no idea what you are talking about and if you are commenting on what "My charts are based on " then you are wrong. If you mean some other chart then please explain.
+1 Reply
xtrader1
a year ago
Thank you so much Anil for your contribution.
Much appreciated, as always.

In this case i do have a different view:

snapshot
+3 Reply
anilmangal TOP xtrader1
a year ago
Thanks for sharing, if it goes up, then I will not get the sell setup I am looking for, but I definitely don't have a buy setup based on my analysis.
+3 Reply
Bird_man_IT xtrader1
a year ago
I agree. That wolfe wave will not work this time.
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anilmangal TOP Bird_man_IT
a year ago
wolfe wave?
+1 Reply
YiZheDi
a year ago
very good
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imfeelgr8
a year ago
tnx anil !!!
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ChadTaljaardt
a year ago
Its about to break down :D
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everthelast
a year ago
trendline broken
+2 Reply
Wesual everthelast
a year ago
Always wait for a retest. :)
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ivanmonc
a year ago
Hi Anil, when can you say that the trendline has been broken...
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khorkhii
a year ago
Anyone else thinks this is heading up and not down? It's consolidating above the bottom trend line.
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khorkhii khorkhii
a year ago
Breakout!
+2 Reply
MoneyMaker PRO khorkhii
a year ago
Thank you Anil
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GoodLuckbabe
a year ago
yes
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GoodLuckbabe GoodLuckbabe
a year ago
wright from the top
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piotrfieldsend
a year ago
yes i am thanks Anil
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apap100 PRO
a year ago
most definitely in it and now a zero loss trade :) Thank you Anil!
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mickeysmile
a year ago
amazing...
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GoodLuckbabe
a year ago
hoping for break lower low
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rajenderam40
a year ago
Thanks for New Update....Sir
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SkyrEk
a year ago
Hi Anil, potential TP at .64?
+1 Reply
Vostiothenjo
a year ago
What in Hell is Wolfe waves????? Thanks Anil for your Analysis. Keep IT UP!!!!
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adelph
a year ago
Thank you a lot Anil!
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Hi Mr. Anil. I am in this trade, thanks to you. Btw I noticed some different wave possibility, probilly I am wrong, because I am newbie. 5 wave up looks to me as a leading diagonal. Maybe there is a chance to change trend or one more up move as C wave. If I am not wrong, based on daily chart, we can expect one more down move. Can you tell me please, what am I missing?
snapshot
+1 Reply
Csys bulent_akgul
a year ago
I could suggest you to look at higher time frames before giving a decision. EW might be subjective at times, and you may improve your odds of having the right counting by taking into account the general outlook for the instrument you're analyzing. With this, for example, have a look again to the chart posted by Anil, and see what he takes into account. On the chart he notes that the only thing that would indicate a change in the trend would be the breaking out of the daily downchannel. Unless that happens, you should assume that the prevailing trend is in effect. This is actually one of the basic teachings of the Dow theory, in which it is said that the trend is assumed to persist unless it's PROVEN otherwise. For this pair, no bullish trend is proven, so you should discard the possibility of your count.
+1 Reply
bulent_akgul PRO Csys
a year ago
Thanks for advise, I noted. On the other hand I looked weekly and daily chart already and here what I see:
snapshot
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Csys bulent_akgul
a year ago
Instruments trading in range might get tricky like this. If there's a sideways activity, I am tempted to understand it as a consolidation in a greater trend. Then what we need to do is to look back enough to see the trend. For this pair, this is what I see:

snapshot


So the downtrend is obvious. And this is like solving a geometry problem; you need to see the magic line that makes the picture clear. Here, that line is in my opinion this:

snapshot


The bold red line rejected the price, and where the market turns coincides with the trend line of the major downsloping action. So this rejection must be regarded as something big. Plus, I could also suggest you to use a momentum indicator such as RSI or Stoch. In the chart above, you see that there is a crossover and divergence, both bearish. As far as my experience tells me, using only EW counts requires a good deal of expertise, so it might be best to find the true blend for you, combining the counts with channels, indicators and such.

Nevertheless, your count seems to me as a valid possible alternative. It's just not the most favorable one.
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bulent_akgul PRO Csys
a year ago
I use RSI for hidden divergence and MACD 4C for regular divergence. The problem is not to know fundamentals of EW. It is easy part, but counting correctly is really hard. That's because I plan to join Mr.Anil's course, for know I have not much time. Btw I short this pair at the top, which I labeled as 4 (blue one). Just asking to learn some extra stuff and your answers are helpful, thanks again.
+1 Reply
Csys bulent_akgul
a year ago
I think there's a distinction between a valid count and the right count. Your counts are valid, but the time will show if they will happen to predict the market correctly. Besides, there's a third category which Elliott and Prechter call "the right look." It is defined as one of the possible counts which conforms the most number of guidelines. Those guidelines are given in Prechter's book, that is, in the bible of EW. But still, applying the guidelines and finding out the right look is not an easy task. There are other alternatives to the orthodox counting methods as well, such as the Neowave approach, which mechanizes the counting practice to minimize errors. In all of those methods, experience plays the cardinal role. I didn't attend to Mr. Anil's courses but I believe joining one of them will open the gates for you since he's an experienced practitioner of the EW principle.
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khorkhii
a year ago
can't seem to break the 0.69727 support
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villanifed
a year ago
looks like it's going back up
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ChadTaljaardt
a year ago
Will this go back down?
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immortal9 ChadTaljaardt
a year ago
It did a nice healthy retrace after breakout, it is very possible for it to consolidate and break lower
+1 Reply
ChimbOt PRO
a year ago
Trade invalid now?
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TrevorFx
a year ago
snapshot
Definitely agree on the bearish impulse down. Are you possibly seeing this corrective W2 on the 4hr before continuing lower?
+1 Reply
Law.ahead TrevorFx
a year ago
Authenticated......! may the second move go throuth.
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BLKS
a year ago
Great.. i am in
snapshot
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JiggingPIPS BLKS
a year ago
wheres ur SL ?
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BLKS JiggingPIPS
a year ago
my sl is at 0.725 and will close some of my position at 0.6875 and move the rest to be
+2 Reply
Fibtree
a year ago
well looks like they got ya with this one ... Show the break (and correction) let them get short and BANG, move right back up ;)
+1 Reply
Vostiothenjo Fibtree
a year ago
Lol
+1 Reply
dhanes71
a year ago
I'm struggling on this one
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so frustrating to wait that big short....
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should go down by now, ending diagonal just completed
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Jeffrey_Sucipto Jeffrey_Sucipto
a year ago
indeed it just plunged , lets see if it will continue to go down
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there is a divergence in a play (1H; RSI), so I hope that it will make it´s move soon...
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SkyrEk sketchmaster
a year ago
well, not sure if this trade is still valid or not, hopefully the structure is still intact
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ASt0tle PRO
a year ago
I'm not sure if your thoughts on the structure of this pair has changed.
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