AUDUSD still in the corrective structure.

FX:AUDUSD   Australian Dollar / U.S. Dollar
16852 53 353
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.
Comment: 60 min view.
Comment: This is why you wait for confirmation
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.
Training : add to skype mangal457
Really Nice Anil , do you have some update?
mari2016 Dguaman
hello Anil
In the daily/weekly chart you consider trandline broke ?
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
Thanks Anil.
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

Hi ,Anil, if it breaks 0.783 ,we revers?
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
Good lesson learnt from me here..shorted the top, not in loss. Thanks anil! appreicate your words (:
+1 Reply
Many thanks for updates,sir!
''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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