anilmangal
Short

AUDUSD still in the corrective structure.

FX:AUDUSD   Australian Dollar/U.S. Dollar
16703 53 345
4 months ago
Hello Traders, I am asked to up date the AUDUSD             chart I posted a while ago, but would like to warn of the danger of picking tops and bottoms.
Remember no matter how accurate your analysis is (and I have not found any method of analysis to be more accurate than wave theory) you still have to let the chart prove you correct. That is why I train, yes TRAIN, my trader to have penitence and wait for the trade. We are waiting for a sell on AUDUSD             but first it has to make a down impulse (this is the start of any wave ) then it will correct, this is the prof of continuation. Use a tested strategy to trade it . I hope this helps.



Trade with care
Thank you for your support.
4 months ago
Comment: 60 min view.
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4 months ago
Comment: This is why you wait for confirmation
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4 months ago
Comment:
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4 months ago
Comment: Ok Guys you are getting one of the golden rules I teach my traders "it's not over until it proves it's over" If you have seen any of my webinars you would know the basic structure of wave analysis - impulse correction impulse.
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YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
TadeMark PRO
4 months ago
Thanks Anil
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anilmangal TOP TadeMark
4 months ago
you are welcome
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izak.oliver PRO
4 months ago
thanks!
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anilmangal TOP izak.oliver
4 months ago
Thank you
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cmc
4 months ago
Thank You Sir. We wait the wave 3...
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anilmangal TOP cmc
4 months ago
yes always wait for confirmation
+1 Reply
KhunHunSein
4 months ago
thank so much
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anilmangal TOP KhunHunSein
4 months ago
You are welcome
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Cazzie
4 months ago
The area I was looking at for a sell Anil,
Is 7676, although not sure if I'll take the trade if and when it makes this high.
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anilmangal TOP Cazzie
4 months ago
I use structure and waves so it doesn't matter to me at what price I get the setup as long as it's a valid setup .
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Cazzie anilmangal
4 months ago
I too try to use structure, although I know I could do better.
I am Improving Anil :)
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Miigaa
4 months ago
thanks
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anilmangal TOP Miigaa
4 months ago
Thank you
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hounds
4 months ago
Thanks for the tips Anil.. And enjoy your vacation!
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anilmangal TOP hounds
4 months ago
Thanks , jet-lagged up since 2am NY .
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KelvinSs anilmangal
4 months ago
do you think it may drop to 0.75 today?
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newwarez2
4 months ago
shall we start now or wait for a confirmation from your side?
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beedoo1987
4 months ago
Hi... when you have a time can you look at gbp/jpy ? now it`s making some interesting things..
+1 Reply
watsonzou26
4 months ago
Many thanks for your updating chart, anil. Always happy to read your chart, great work!
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mrleedz
4 months ago
Thank you this is so educational we learn a lot from you
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Srikanth_Haritsya
4 months ago
AUDUSD Short Sell


I agree with waiting for further confirmation, Thank you Anil
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jarojr
4 months ago
0,76268 je minimálna hranica, ktorú pár prekoná. Potom neviem, ale krátkodobo pôjde AUD/USD hore nad urenú hranicu 0,76268 !
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anmolb
4 months ago
very nice
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StevenMilward
4 months ago
Thanks, I like the explanations. I feel like more traders on here should give advice along side graphs like this.
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kucze
4 months ago
i watched your past analysis..when you said it goes up it went down,when down it went sideways.Doesnt work for me.Its magic in a negative way
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wjason777
4 months ago
Hello, Im a new trader, just trying understand your chart, so if get you correctly your saying that its going to go higher, then drop?
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Dib
4 months ago
Thank you
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queenrossana
4 months ago
so, is it okay to sell audusd now? o.O/
+3 Reply
Cazzie
4 months ago
You're not back from your jollies already are you Anil?
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JalRad
4 months ago
when the confirmation come?
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watsonzou26
4 months ago
Thanks for updating chart, anil. That is great!
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tradermannn
4 months ago
mr anil, can you please update the eurnzd? we are waiting the up move thank you
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Dib
4 months ago
What's the target,?
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chimpsky PRO
4 months ago
Thanks for the lower time frame forecasts Anil. Any thoughts on the Nikkei. Do u reckon its due a pullback on the hourly??
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nahidik PRO
4 months ago
Anil I hope you had a good holiday. I have the same idea as your last update, a lot of confluence in the PRZ and big area of resistance on the 240.
AUDUSD confluence will influence
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Trillionschifer
4 months ago
Greaaaatt chart. TNTsunrise plotted something similar. But we are at the peak of his correction, while you seem to think it will still go higher then reverse back from there. The market will decide. I on the other hand.... plotted for both scenarios. So thank you both!
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Trillionschifer
4 months ago
Love the detail notes!!!!! :D
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Dguaman
4 months ago
If cant break that resistance can we short it right? .. thanks
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Trendhopper PRO
4 months ago
Correct...patience is a virtue...!!!......Who knows how high this can go?? Trendline has justy held so likely triple top or higher....I agree, short once the chart has proven the direction....great analysis....
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vicky13
4 months ago
anil sir how r u doing today, sir audusd going sort ?
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alistairmln PRO
4 months ago
I am so noob, I looked at the 1hr chart,, saw it was consolidating after impulse down and figured i'll short then. . . surely it will impulse down again because IT BROKE THE TREND LINE!, I stopped out. . thank you Anil, it's like you knew exactly what i was doing wrong..
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ieducswesps
4 months ago
''its not over until its proven its over''
This means : Dont assume that the corection is over,until is over! ?? In this case,i mean.
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ivansem95
4 months ago
Many thanks for updates,sir!
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alex.ofx
4 months ago
Good lesson learnt from me here..shorted the top, not in loss. Thanks anil! appreicate your words (:
+1 Reply
Manudatinh70
4 months ago
Market is testing .7676 critical resistance level, let's see if the daily candle closes above that level or not, if not then we might see mid-week reversal in Asian Session.
Happy trading to all!
+1 Reply
ivansem95
4 months ago
Hi ,Anil, if it breaks 0.783 ,we revers?
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bobrenard96
4 months ago
Hi boys and girls

Trade AUD USD yesterday
Entry at 0.7688
i have fixed my TP at : 0.7735

Today : Win 47 pips

Cool trade today
Enjoy

(\_/)
(='.'=)
(")_(")
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Dejan78
4 months ago
Thanks Anil.
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spread56
4 months ago
Hi Anil,
After watching many of your videos on wave trading, you make every thing look so simple and straight forward, I have been learning charts for @ 4 months now, and trading them with paper money, since you posted this I have this chart and trend lines in different time frames, but I have found its clinging tightly to the 4 hour trend lines, and I have traded this long and short over the last 4 days, its just unbelievable how much paper money i have made off this trade' at the time of writing this the price is 0.76945, and i have been short for 24 hours, I have my buy and sell order's in for what I believe to be the bounce at 0.76850

I can only thank you for the knowledge I have learned from you over the last few weeks
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Dguaman
3 months ago
Really Nice Anil , do you have some update?
Thanks
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mari2016 Dguaman
2 months ago
hello Anil
In the daily/weekly chart you consider trandline broke ?
thanks!
Reply
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