FX:AUDUSD   Australian Dollar/U.S. Dollar
9058 50 177
Hello traders AUDUSD             broke out of the up correction so I am expecting more downside. I posted a trade I asked all my traders to take so that they can build confidence in wave patterns.
For those not in you can sell any corrective structure on a lower degree.

Trade with care.
Thank you for your support.
Comment: up date on the trade we took
snapshot
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
Nice one Anil
+1 Reply
I am in the trade, awesome setup Anil.
+1 Reply
anilmangal PRO CalvinFvand
You guys say thank to Thomas for asking the question, that made me force all of you to take it !!
+4 Reply
This is great one. Many thanks Anil
+1 Reply
Great trade !!! Hope it goes all the way down.
+3 Reply
nice one Anil!
+2 Reply
Awesome look i am have open at .71450 and will sell more in correction. Very nice Anil!
+2 Reply
nice
+4 Reply
Great Im in to..Thanks anil..
+1 Reply
Very good call Anil; set my entry order and came back to a positive result.
+1 Reply
Good call! Took the trade :-)
+1 Reply
nice setup anil i think your first idea still in play nothing has changed in that idea except little correction under channel trend line thanks for sharing
AUDUSD Don
Reply
GoodLuckbabe GoodLuckbabe
snapshot
this is how i am expecting break down
Reply
GoodLuckbabe GoodLuckbabe
snapshot
this is how i was following this pair
+1 Reply
GoodLuckbabe GoodLuckbabe
snapshot
+1 Reply
thx
+1 Reply
At least if the FED decides to increase rates by march I don't see this breaking 0.70000, although at the end of this year still 0.66000 my forecast
Reply
caught it just in time ;)
Aussie - Rising Wedge
+2 Reply
go baby go!
+1 Reply
Thanks Anil. Two positions well on the way. Will put a third on very soon. Great everyone I know is on to this one.
+1 Reply
dear anil how would you call this kind of wave structure in my humble opinion i think its a expanding diagonal ?
Reply
I think this is wrong idea
Reply
ibnu Nickmail
you 'think' it is wrong just because you long on this pair?
Reply
Everyone can comment ibnu, or disagree, right? We all watch and see how it goes :) I sold this at the top last night when it closed up to %88,6. I thought it was a good risk/reward ratio with my stop loss level.
Reply
ibnu bekirdur
sure bekirdur, everyone can comment or disagree. I'm just saying, "I think this is wrong" should be clearly explained, not just randomly comment on someone else chart and saying that it's wrong. if you just want to say that "this is wrong" and not explain about what you think the correct one, better keep it for yourself because it's just like another trolling.
Reply
if is wrong idea its better you announce it in CNN than fooling yourself here
+1 Reply
Vostiothenjo kenhigh2000
Announce on CNN?????? lol. Structure is still intact
Reply
Very nice post!
+1 Reply
Already in short! Thanks!
+1 Reply
Very nice analysis thanks Mr Anil
+1 Reply
What level are we looking at to short again?
Reply
IS THIS TRADE CLOSED !!!
Reply
dhanes71 bernaoui
Yes he already closed it on breakeven
Reply
dhanes71 bernaoui
But he's still looking for another sell setup
Reply
and trade have not worked
Reply
What is it with thus AUDUSD erratic move
Reply
AlexxChan thewealthlifters
fundamentals, like oil
Reply
There is nothing erratic about the moves, I do two daily updates in my live room and nothing happened ,that we were not prepared for, that is why I took BE trade and not a loss. Fundamentals? LOL.
+2 Reply
AldreyMor anilmangal
Perhaps the rally in equities had some to do I think?
Reply
xtrade2015 PRO anilmangal
will need to learn how to quite it as fast as you do next time
Reply
OUCH!
Reply
Damn
Reply
thanks for the update Anil, i also hope to get another crack at it! idk what people mean by 'didn't work', i went to sleep with plenty of free pips locked in...
Reply
Ignore the noise stay focus , we risked 28 pips and it went 60 , i know many of them would wish they could do that !!! I take BE because my plan was over 1000 pips !!
Reply
Asgardthor2525 anilmangal
hi anil , i was wondering whether is your view still the same on this pair...... anyway you are doing great job ...
Reply
this got stop out ! sorry
Reply
i'm in trade now too, with little loss too.. but i don't think that news change the prices , just tells us time of moves.. that's all..
we will see news from Australia 2 hours later, probably there will be not good news, and we will go down again..

and if you are believer of news effect, today's are not effective ones for this key level..
Reply
Hi Anil,

If you examine the Weekly chart for this AUDUSD pair with the 12/26/9 MACD and/or the 5/34 AO, you'll notice that this pair is heading up into a big C wave (huge divergence Between price and either of these two indicators is evident). This pair started moving up in October 2008 and entire 1-2-3-4-5 move was corrected by ABC by August 2013. Then a new trend began DOWNWARDS after and X wave up with a weakening AUD. And now this move down (1-2-3-4-5) seems complete and an ABC is folding out. However, I might be wrong. Please check weekly chart. I have seen such divergence being nullified with another peak down. It's mind-boggling.
Reply
Fail
+1 Reply
Thanks for the update! Looks like a good trade opportunity!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out