anilmangal

EURAUD corrective structure.

FX:EURAUD   Euro Fx/Australian Dollar
6403 16 209
6 months ago
The EURAUD             as shown in the daily could be making a triangle (abcde), if this is so we are in the d wave up and it is making a lower degree correction before the next up impulsed. This lower degree corrective structure looks like a triangle in the making (abcde) it could also be a simple abc expanding flat , I guess we will see very soon.
By all means buying the break of the top is dangerous if it is making a wedge. So if you are a S&R trader be careful of buying the break of any resistance you have there. I would wait for confirmation.
I will be posting updated on the trade setup as i see it so to get instant notification when I do , please follow me.

Trade with care
Thanks for your support.
6 months ago
Comment: The POWER OF WAVE ANALYSIS
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Roncriss
6 months ago
Great , Thanks Anil
+1 Reply
ok sir thnx....
+1 Reply
KristupasDaunys
6 months ago
Thanks!
+1 Reply
hao.deng.m
6 months ago
Thank you. I learned a lot of waves from you, for me this is the only way to understand the market.
+1 Reply
maybe abc becouse the next move North after the c is much steep
+1 Reply
jeff123jeff
6 months ago
Love your analysis!! Thanks a lot sir
+1 Reply
hauris
6 months ago
Great, Thank you so much sir
+1 Reply
fakerzhao hauris
6 months ago
great
Reply
adamzahra
6 months ago
thank u Anil we waiting for confirmation
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Yahia.Awes
6 months ago
Looks like a round top so far on the smaller timeframe. Retracement is most likely.
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zhipengcfel
6 months ago
Nice! Very clear analysis!
Reply
Hi anilmangal. I´ve read, that B can not retrace more then 61.8 fibs from A in zigzags, which is what happend last night in this pair, and that confuses me, cos then it continued the trend as you predicted. Do you agree/follow this rule? Or am I wrong and this is simply not a zigzag?
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anilmangal TOP sketchmaster
6 months ago
I don't see any zigzag so i guess we look at waves differently
Reply
sketchmaster PRO anilmangal
6 months ago
I meant this one in the E wave
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anyway, I just wanted to know if you agree with this rule. There is too much false information on the web...
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sketchmaster PRO sketchmaster
6 months ago
"too many"
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irfanaslam00
6 months ago
Good job Done Anil
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