The Au has broken the daily consolidation and now retesting it in a corrective pattern. This is an abc where the c wave looks like an ending diagonal so if it is we will get one more up before the fall ,ALWAYS BETTER to wait for a wedge to break before you short it .
If you were in my webinar yesterday I SHOWED IN THE CHARTS why pin bars are dangerous to trade! Today i will show why parallel trends prevents you from seeing the structure clearly!
Join me today in my one week FREE webinar. PM me for the code. OR SKYPE ME .( mangal457)
Comments
chimpsky
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Spot on Anil as always
IvanLabrie
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Looks good, pending impulse down.
IvanLabrie
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Maybe exp diagonal, still possible.
anilmangal
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maybe let's see
anilmangal
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yes we are already in ,in my trading room
LolliPip
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Thank you Anil. I learn so much from you!
moorekapital
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When My Chart Meet With The Masters Chart, It Gives Me Confidence.
Thanks, Anil ;)
anilmangal
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LOL Master? Your's are nice ! I am just a trader like everyone here , I just happen to be using a good method to analyze the charts.
Pippilot
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I got out stopped out to urly (beginners mistake, instead of move SL I left TP @ 0.758). But I have learned a lot from you during your webinars. Thank you again Anil. Have a nice weekend.
Paola