FX:AUDUSD   Australian Dollar / U.S. Dollar
9062 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
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Training : add to skype mangal457
Thanks for the update! Looks like a good trade opportunity!
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Fail
+1 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.
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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..
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this got stop out ! sorry
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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...
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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 !!
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Asgardthor2525 anilmangal
hi anil , i was wondering whether is your view still the same on this pair...... anyway you are doing great job ...
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Damn
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OUCH!
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