anilmangal
Short

AUDUSD Don't miss it if it breaks!!

FX:AUDUSD   Australian Dollar/U.S. Dollar
15170 100 243
10 months 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.
10 months ago
Comment: Hope all of your in this trade !!
10 months 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
10 months ago
Don't think it would break down!!
+4 Reply
BeFX arif_awan
10 months ago
What do You mean? It won't break down?
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arif_awan BeFX
10 months 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
10 months ago
No such thing in trading as it can't. It can and it does.
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jaejames immortal9
10 months ago
right on!
+1 Reply
arif_awan arif_awan
10 months ago
Oh really, why it's going up? Big daily hammer formed yesterday!!!
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anilmangal TOP arif_awan
10 months ago
we will see
+5 Reply
BeFX anilmangal
10 months ago
I'm with You with this Anil. "The force is strong with this one" :D
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saiaanfx anilmangal
10 months ago
still valid sir..............
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arif_awan arif_awan
10 months ago
Make or break
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arif_awan arif_awan
9 months ago
:))
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rajenderam40
10 months ago
Thanks great charts...
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anilmangal TOP rajenderam40
10 months ago
thank you
+6 Reply
sumathidenward
10 months ago
good work sir as all ways ....
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anilmangal TOP sumathidenward
10 months ago
Thanks
+4 Reply
pardis
10 months ago
AND ITS MY SIMPLE CHART ..IM WAITING FOR BREAKING AND SELL
snapshot
+7 Reply
Csys pardis
10 months ago
Same thing here:
Aussie short in daily
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mrdspa
10 months 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
10 months ago
nice !
+3 Reply
BeFX
10 months 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
10 months ago
Always glad to help.
+3 Reply
BeFX anilmangal
10 months ago
Please, don't be so modest :D
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FluidicFX PRO
10 months ago
Once again, thanks again!
+2 Reply
anilmangal TOP FluidicFX
10 months ago
thank you
+3 Reply
Bird_man_IT
10 months 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
10 months ago
I have no clue what you are saying , but thanks for sharing !
+5 Reply
puretradelife PRO Bird_man_IT
10 months ago
many programmers turn into excellent traders tought :)
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puretradelife PRO Bird_man_IT
10 months ago
programmers are often capable of taking a technical ruled base approace towards trading
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Synapse Bird_man_IT
10 months 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
10 months ago
Legendary!
+1 Reply
anilmangal TOP InsideMarket
10 months ago
thank you
+3 Reply
ZakariaElAkrich
10 months ago
thank you so much Sir
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anilmangal TOP ZakariaElAkrich
10 months ago
hope it gives us a nice move down
+4 Reply
TrevorFx
10 months ago
Thank you Anil, lots of knowledge.
+1 Reply
AnasMhna
10 months 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
10 months ago
Google wolfe waves.
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anilmangal TOP Bird_man_IT
10 months 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
10 months 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
10 months ago
Tks for your hard job.
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whabtish
10 months ago
great stuff!!! how do i join the trading course. i can't find it anywhere.
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anilmangal TOP whabtish
10 months ago
skype me, mangal457
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TimStuyts
10 months 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
10 months ago
Thanks again Anil. Recent break of AUDNZD consolidation to the downside works with this.
+1 Reply
GoodLuckbabe
10 months 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
10 months ago
Thanks for sharing, although our understanding of wave structure differs.
+2 Reply
GoodLuckbabe anilmangal
10 months ago
absolutely i know our understanding of wave structure differs
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Prome PRO
10 months ago
I absolutely agree Anil!
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Prome PRO Prome
10 months ago
I think 1H execution will be the best
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Amina66
10 months 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://fx.sauder.ubc.ca/plot.html
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GoodLuckbabe RobertHerdman
10 months ago
that's why trading with impulse and correction is a very good idea for retail traders
+1 Reply
anilmangal TOP RobertHerdman
10 months 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
10 months 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
10 months 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
10 months ago
I agree. That wolfe wave will not work this time.
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anilmangal TOP Bird_man_IT
10 months ago
wolfe wave?
+1 Reply
YiZheDi
10 months ago
very good
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imfeelgr8
10 months ago
tnx anil !!!
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ChadTaljaardt
10 months ago
Its about to break down :D
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everthelast
10 months ago
trendline broken
+2 Reply
Wesual everthelast
10 months ago
Always wait for a retest. :)
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ivanmonc
10 months ago
Hi Anil, when can you say that the trendline has been broken...
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khorkhii PRO
10 months ago
Anyone else thinks this is heading up and not down? It's consolidating above the bottom trend line.
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khorkhii PRO khorkhii
10 months ago
Breakout!
+2 Reply
MoneyMaker khorkhii
10 months ago
Thank you Anil
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GoodLuckbabe
10 months ago
yes
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GoodLuckbabe GoodLuckbabe
10 months ago
wright from the top
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piotrfieldsend
10 months ago
yes i am thanks Anil
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apap100 PRO
10 months ago
most definitely in it and now a zero loss trade :) Thank you Anil!
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mickeysmile
10 months ago
amazing...
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GoodLuckbabe
10 months ago
hoping for break lower low
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rajenderam40
10 months ago
Thanks for New Update....Sir
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SkyrEk
10 months ago
Hi Anil, potential TP at .64?
+1 Reply
Vostiothenjo
10 months ago
What in Hell is Wolfe waves????? Thanks Anil for your Analysis. Keep IT UP!!!!
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adelph
10 months ago
Thank you a lot Anil!
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bulent_akgul PRO
10 months ago
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
10 months 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
10 months 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
10 months 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
10 months 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
10 months 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 PRO
10 months ago
can't seem to break the 0.69727 support
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villanifed
10 months ago
looks like it's going back up
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ChadTaljaardt
10 months ago
Will this go back down?
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immortal9 ChadTaljaardt
10 months ago
It did a nice healthy retrace after breakout, it is very possible for it to consolidate and break lower
+1 Reply
ChimbOt PRO
10 months ago
Trade invalid now?
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TrevorFx
10 months 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
10 months ago
Authenticated......! may the second move go throuth.
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BLKS
10 months ago
Great.. i am in
snapshot
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JiggingPIPS BLKS
10 months ago
wheres ur SL ?
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BLKS JiggingPIPS
10 months 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
10 months 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
10 months ago
Lol
+1 Reply
dhanes71
10 months ago
I'm struggling on this one
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SvetlozarStoqnov
10 months ago
so frustrating to wait that big short....
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Jeffrey_Sucipto
10 months ago
should go down by now, ending diagonal just completed
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Jeffrey_Sucipto Jeffrey_Sucipto
10 months 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
9 months ago
well, not sure if this trade is still valid or not, hopefully the structure is still intact
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ASt0tle PRO
9 months ago
I'm not sure if your thoughts on the structure of this pair has changed.
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