anilmangal
Long

AUDUSD corrective structure

FX:AUDUSD   Australian Dollar/U.S. Dollar
10523 60 222
a year ago
The AUDUSD             is in a corrective structure making a b of C wave , I would be looking to buy the break out of this down b wave structure. If you are in the sell (a trade call in our trading room) watch it as it comes to the trend line .

Trade with care.
a year ago
Comment: Hi Guys in our business "a chart is worth a thousands words' so please post a chart with your idea rather that trying to explain it. Remember we all have different understanding of terms like "falling" "drop" "impulse" "rally" etc.
a year ago
Comment: correction- a thousand* words
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Platon.M PRO
a year ago
Great view mr.Anil!
+2 Reply
albertos
a year ago
Perfect
+1 Reply
albertos albertos
a year ago
Correction in action at 0.7300
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Cazzie
a year ago
Have been buying this pair Anil for a while now, It is a long term trade.
The DTR is low but it does move steady.
Thanks Anil Mangal :)
+2 Reply
Troy7s
a year ago
Anil, thank you so much for indicating waves! Now I can see what you are building in there )
+1 Reply
KVE PRO
a year ago
Like this one alot! Thanks for sharing!
+1 Reply
It looks like a head and shoulders model, this would give a downside move
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URIFX
a year ago
Yeah! Happy to have the same view as you, Anil.
AUDUSD: Be careful to sell and waiting to buy
+2 Reply
jangseohee
a year ago
snapshot
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sumathidenward
a year ago
snapshot

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sumathidenward sumathidenward
a year ago
Anil i thought aussie will rally down for one more impulse and rally up just my thoughts anil . plz comment if u have something to say .
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anilmangal TOP sumathidenward
a year ago
can you show on the chart, where you expect it to go
+1 Reply
sumathidenward anilmangal
a year ago
Anil im just sharing my thought anil and wat i saw in the market i might be wrong but learning it from u anil my intension to learn from you by asking more frequent question in positive wave .
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anilmangal TOP sumathidenward
a year ago
Yes but "rally" is a relative term so you have to show on a chart, that way i am able to see what you mean.
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sumathidenward anilmangal
a year ago
On the daily chart i do see a good impulse down and i do see some correction a,b,c,d,e so, i thought we should have more rally down or might be wrong which should be a ending diagonal which is the in corrective structure form in the 4hrs which you posted anil so, that why this question popped out anil bcz ur were one who thought me abt these methodology of finding wat is the 1st impulse wave with all the respect .
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tradeit sumathidenward
a year ago
dude, show the damn chart and stop trolling.
+1 Reply
TimStuyts tradeit
a year ago
This is not trolling tradeit, show some respect. The thing is Sumathidenward that you use a daily chart and you are right in terms of impulse lower and currently a correction. However Anil is looking at 4hr chart. You see an impulse higher counted as wave A (A as impulse of the 3 wave correction in this case but smaller degree than your daily chart which could very well be part of the larger correction on daily you are referring to). Hence after this correction 4hr we should expect a break out on the upside as Anil showed on the 4hr chart.
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TimStuyts TimStuyts
a year ago
have a look at the chart URIFX shared about possible wave degree, (impulses within a correction). thanks for sharing Anil.
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sumathidenward anilmangal
a year ago
Guys im not against anil he is my mentor with all the respect i was clarifying my doubt how it works .
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mabollen62
a year ago
Hi anil
went long on the aus200 might be worth a look
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suttos
a year ago
Please exercise caution ahead of the IR decision. The spreads will be ridiculous.
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stream
a year ago
on monthly chart looks like no option for buying...
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amnart
a year ago
Head and Shoulder
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adloule
a year ago
hi Anil,
what do you think about this one ?
snapshot
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anilmangal TOP adloule
a year ago
not how i see it
+2 Reply
adloule anilmangal
a year ago
ok thanks
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pyramids_Forex adloule
a year ago
It should account like this
snapshot
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pyramids_Forex pyramids_Forex
a year ago
Sorry D not E
snapshot
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pyramids_Forex
a year ago
I counted the waves like this
Thank you Anil
snapshot
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anilmangal TOP pyramids_Forex
a year ago
nice, but not how i counted it
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pyramids_Forex anilmangal
a year ago
I didnt seen yours I just seen daily comments charts
Sorry for that
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anilmangal TOP pyramids_Forex
a year ago
you have a right to your count , so no need to apologize
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pyramids_Forex anilmangal
a year ago
You are master and very modest man
thank you
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pyramids_Forex
a year ago
In monthly chart can see it already breakdown the trend line
snapshot
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pyramids_Forex
a year ago
I think it gone to touch 0.886 Fib
snapshot
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tupaitrader
a year ago
great structure
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chrisvos PRO
a year ago
Is it a good idea to trade it when the fed descision causes it to break through?
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roland9469
a year ago
Is this on daily chart? Sorry guys i am a beginner..
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Vincent121
a year ago
I'm very new to this but what do you think?

snapshot
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Piet.Hein
a year ago
Nice count Anil, like always
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Getting close.
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P_Parker
a year ago
Agree, but dont think that Price Comes down to your 4 Hour Trendline where Point (b) is.
AUDUSD in a Wedge...
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anilmangal TOP P_Parker
a year ago
Well now we know.
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sumathidenward
a year ago
snapshot
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sumathidenward sumathidenward
a year ago
this wat i was talking about clarifying with anil . with all the respect anil u showed how to see this set up anil .
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anilmangal TOP sumathidenward
a year ago
it is not an abcde structure, it is making a correction to the trend line now it has to break or bounce. I am expecting a bounce for a C wave up
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Mughal2657 anilmangal
a year ago
100% agree with anil it will bounce back or break the trend line for trend continuation what i see on 4hrs chart is a complex head and shoulder
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Mughal2657 Mughal2657
a year ago
COMPLEX HEAD AND SHOULDER
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Mughal2657 Mughal2657
a year ago
i see the trend continuation
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Mughal2657 Mughal2657
a year ago
this is just my opinion it might be wrong
+1 Reply
nikosgeo PRO Mughal2657
a year ago
I'm exactly on the same side on this. Same comments, same thought. Maybe I was unfair with you the other day but it's a spontaneous reaction that comes to me when I see "fancy" charts.. In any case, I apologize.
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sumathidenward anilmangal
a year ago
ok thanks for your comment anil.
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ddp922
a year ago
Good god Anil. Your always on point with your analysis.
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Dzogchen ddp922
a year ago
There's also a bullish cypher with the d leg completed here off the 4h chart. Don't have time to post cahrt but the XA leg started 11/18
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Nickmail
a year ago
nice! target hit
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Prome PRO
a year ago
I got a similar view! take a look :)
Trade with a good risk/reward in the next few days
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BahaHamidi
a year ago
Cant wait to buy the break , thanks man.
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AdamFx42
a year ago
Just about a perfect setup - thanks a lot for this! I bagged a few pips on this idea going long Eur/Usd which found support just around 1.08 and followed Aud upwards due to Usd weakness.
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AdamFx42 AdamFx42
a year ago
https://www.tradingview.com/chart/EURUSD/hBxXv758-Looking-for-double-bottom-in-EurUsd/
Looking for double bottom in EurUsd
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TradebyRik
11 months ago
Hi Anil. Here is my view on the ABC pattern which is running flat same as yours, But feel that B wave is not yet over since in running flat, it should be very close to start point of A wave. Appreciate your comments

snapshot
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