anilmangal

AUDUSD still in the corrective up trend

FX:AUDUSD   Australian Dollar/U.S. Dollar
7660 5 222
AUDUSD             is still correcting to the up side so it is a good idea to wait for confirmation of a breakout before you sell.
It could still make more up impulse.

Trade with care
Thank you for your support.
Comment: Still looks like more upside
snapshot
Comment:
snapshot
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Good morning Anil, as always, thanks for your analysis.
I know you don´t care much about the news (I´ve seen all your videos), just one question, What´s your opinion about the impact of the FED on USD ? and Aren´t you worried that that might just get you out in a second? What´s your opinion on trading on very high impact news?
Thanks for your response.
+16 Reply
I had been looking at this sell setup with an entry once smaller scale correction is broken and moving stop to BE at bottom of channel but I agree on the break of channel for more confirmation. Thanks for posting this
+3 Reply
Excellent wave analysis as we have come to expect. Has been a great week already as the waves are moving nicely!! keep the hits coming, superior trading week outlook so far.
+1 Reply
Hi, looks like we bounced? good to go short? Thanks
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