anilmangal
Long

AUDUSD corrective structure

FX:AUDUSD   Australian Dollar/U.S. Dollar
10541 60 224
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.
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.
Comment: correction- a thousand* words
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Great view mr.Anil!
+2 Reply
Perfect
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albertos albertos
Correction in action at 0.7300
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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 :)
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Anil, thank you so much for indicating waves! Now I can see what you are building in there )
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Like this one alot! Thanks for sharing!
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It looks like a head and shoulders model, this would give a downside move
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Yeah! Happy to have the same view as you, Anil.
AUDUSD: Be careful to sell and waiting to buy
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sumathidenward sumathidenward
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 PRO sumathidenward
can you show on the chart, where you expect it to go
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sumathidenward anilmangal
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 PRO sumathidenward
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
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
dude, show the damn chart and stop trolling.
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TimStuyts tradeit
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
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
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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Hi anil
went long on the aus200 might be worth a look
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Please exercise caution ahead of the IR decision. The spreads will be ridiculous.
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on monthly chart looks like no option for buying...
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Head and Shoulder
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hi Anil,
what do you think about this one ?
snapshot
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not how i see it
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adloule anilmangal
ok thanks
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It should account like this
snapshot
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pyramids_Forex pyramids_Forex
Sorry D not E
snapshot
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I counted the waves like this
Thank you Anil
snapshot
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anilmangal PRO pyramids_Forex
nice, but not how i counted it
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pyramids_Forex anilmangal
I didnt seen yours I just seen daily comments charts
Sorry for that
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anilmangal PRO pyramids_Forex
you have a right to your count , so no need to apologize
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pyramids_Forex anilmangal
You are master and very modest man
thank you
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In monthly chart can see it already breakdown the trend line
snapshot
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I think it gone to touch 0.886 Fib
snapshot
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great structure
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Is it a good idea to trade it when the fed descision causes it to break through?
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Is this on daily chart? Sorry guys i am a beginner..
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I'm very new to this but what do you think?

snapshot
+2 Reply
Nice count Anil, like always
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Getting close.
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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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Well now we know.
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sumathidenward sumathidenward
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 PRO sumathidenward
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
+2 Reply
Mughal2657 anilmangal
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
COMPLEX HEAD AND SHOULDER
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Mughal2657 Mughal2657
i see the trend continuation
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Mughal2657 Mughal2657
this is just my opinion it might be wrong
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nikosgeo PRO Mughal2657
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
ok thanks for your comment anil.
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Good god Anil. Your always on point with your analysis.
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Dzogchen ddp922
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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nice! target hit
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I got a similar view! take a look :)
Trade with a good risk/reward in the next few days
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Cant wait to buy the break , thanks man.
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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
https://www.tradingview.com/chart/EURUSD/hBxXv758-Looking-for-double-bottom-in-EurUsd/
Looking for double bottom in EurUsd
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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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