anilmangal
Short

EURCAD sell setup

FX:EURCAD   Euro Fx/Canadian Dollar
14985 100 375
Hi Guys after today's conversation, which I really enjoyed, since it was constructive criticism. I have learned that most traders wants:
1) Short term trade setups
2) More details
3) Updates.
Thanks I will try my best.
This chart has two possible trades , i am first looking for a short term sell then close and look for reversal. watch the colour of the arrows to help understand the patterns i am looking at.
You will still have to use a strategy you have tested to take the trades and please use good money management.

If you appreciate the setup please show it . If you have a different setup on the SAME time frame post it in the comments. Please limit the comment post to ONE chart. I may not be able to answer all the questions in the chat but I do appreciate your time and support.
Remember that i am not always in all the setup that I post, because if i do I will over risk and I won't do that.
I will try to follow up on the post as often as I can.

Trade with care.
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Comment: The sell is over let's see if we get the buy now.
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Comment: Hi Guys, as promised I am posting all the follow ups on this chart to show how wave works. So far it is moving as forecasted. This move up could change the structure slightly if it makes one more down side after hitting the pattern line. If that happens I will post up date. Buying the breakout on the 60 and and moving stops to BE at the top of the pattern looks like a good idea.
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Comment: I am expecting it to break out but we will see.
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Comment: So finally it looks like the up move is in the making, we waited a while for this one ,but structure seems to be working!!
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YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
thanks ! looks good
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U R welcome
+3 Reply
Appreciate your time anil for all the work you do.. Thanks a ton...
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Glad to help
+4 Reply
Thanks a ton anil !!
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Thanks
+3 Reply
Thanks Man
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anilmangal PRO ChenChihyu
Thanks to you too
+3 Reply
thanks
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anilmangal PRO mdvisser.visser
U R welcome
+3 Reply
Thanks so much Anil. I am learning a lot from you to become a better trader, and your education and guidance is extremely valuable to that process.
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anilmangal PRO EvermorePips
Glad to help.
+3 Reply
Amazing! I wish I could join your class soon!
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Thanks
+3 Reply
Thanks Anil for listening to our recommandations !
+1 Reply
My Pleasure, always good to listen.
+4 Reply
Thank you
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anilmangal PRO thomasjgmaynard
U R welcome
+3 Reply
thank you Anil!
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U R welcome
+3 Reply
Great work
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Thanks
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Thank you
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U R welcome
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U R welcome
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I agree with both possibilities, I posted this image below yesterday but the original post on Friday (https://www.tradingview.com/chart/EURCAD/eyfi53FX-EURCAD-STILL-LOOKING-FOR-A-DEEP-CORRECTION-500-PIPS)
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anilmangal PRO DavidCallwood
Thank for sharing
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Thanks so much for this post. In the last few weeks of studying your charts, I have learned more about EW structure and trade setups than months of studying EW in an isolated environment I love getting your emails about specific pairs, analyzing the charts on my own, and then comparing my notes to your notes. I learn more this way than just reviewing your charts on their own merit.

I look forward to studying your posts with even more detail!

Big Impulse push followed by a Corrective Structure!

Thanks for everything you do and the time you spend with us.


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Thank you.
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Mr anil. I hv been following you for quite sometime as silent reader. I study your techniques and following your webinar. I want to thank you for what you have done. I am your big fan and really appreciate your effort on sharing your trading ideas.
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thanks
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Although I am buying this pair Anil, I can see it's ready for a nice pull-back, so how can I deny it.
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:) let's see
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THANKS SIR!!!! please advise if we can enter sell trade at this moment, it didn't break at 1.645
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nice one thanks!
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Hi' Anil
Your hard work is fantastic.
I'v follow your setups/ updates for a short while now and I must say I'v learned lots about waves and structure. I like the simplicity and keeping the charts somewhat clean...
I'v also found out I like longer term trades better, by that I make more pips per trade now..... Keep up the good work..
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anilmangal PRO OmarDjurhuus
Thank you , glad to help.
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Oh' by the way Anil - Just one question
''Is a doubble top in general terms not the same as ''Truncation'' in Elliott Wave theory?
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anilmangal PRO OmarDjurhuus
depends on what structure you are looking at.
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Forexemple ''If the 5th wave does not go above the 4th wave in motiv wave
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anilmangal PRO OmarDjurhuus
it is not that simple, the question will be are you sure you are looking at a motive structure?
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you are doing a great job and your hardwork shows your passion.
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anilmangal PRO BOBThetrader
Thank you
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Thank you Anil, you are the reason why I visit tradingview everyday.
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Always glad to help.
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guys please someone answer me, im not professional. it's safe to enter sell now or not?
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anilmangal PRO SalahAwad4
If you are asking , then it;s not safe for you to enter, since you don't have a plan or strategy .
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SalahAwad4 anilmangal
No my dear it's not like I'm going to close my eyes and trade of course, but I'm asking if you think it's safe to set sell order until it reach the break point then wait for it if it will break it or not?
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anilmangal PRO SalahAwad4
Follow your strategy as long as you have tested it and are satisfied with the results. One win or one lost would not affect your account
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Thanks for being an active listener. Appreciate your help and guidance.
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Thank you.
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Hi Anil. Congrats. I strongly follow your setups. 1.44300 is a good level of resistence, but I'd rather wait if price barely touches 1.4680, near to bearish trend line, then wait for a confirmation bar to sell, cheers!!
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anilmangal PRO Edgar_Gaskin
nice , you have a plan !
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Always great analysis ! I will soon join your training course !
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etred sell at 1.4671 for few pips
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I remember Anil, once you´ve said, that a trader here told you " a real trader don´t put arrouws in his chart!!"
I like how you are going against that every time you have a chance. :)
And these multiple scenarios are actually really great. Thanks!
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anilmangal PRO sketchmaster
LOL that PRO is MIA.
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You are doing well and should not change your style based on what others want you to do. Stick with what you do best!
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Really great. Thanks Dear Anil!
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thinks Mr Anilmangal i'm new here and i apricied your predictions .
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hello bros is it the time to go for sell???
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EURCAD Triangle Formation
I'm looking forward into this triangle.
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Thanks for the update and for the recent webinar. I really appreciate your work Anil. One note: I often look at your charts 10 or more times coming back to them as days pass, I only like the chart once because that's all trading view allows. Perhaps other people are the same, for every hundred traders repeating ten times that's 1000 views, 900 with no likes. You are amazing at what you do don't worry about the trolls.
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anilmangal PRO cashmachine01
Thanks for your support. Yes you should like only once (if you agree with it ) I am hoping those views are unique ID views, and not how many times traders click on it .
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Thanks anil .
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My view Anil is this pair is about to pullback on the 60, but is bullish.
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Tuesday 7th June AUD Rate Decision Day.
Wednesday 8th June NZD Rate Decision Day. Expect Fireworks !!!
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Possible let's see if it takes me in at the line and then break out that will be a small lost but if it does what i am expecting the pattern to do , i am 8/1 so i'll take this trade everyday! as long as it fits my strategy (setup).
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Hey Anil, I have been folowing your work for a while now and I really like it. My only question is how you establish your stops? sometimes price breaks a trend (In this case an uptrend) meaning you should short. But short after that break price consolidates and goes up. I don't know where to place my stops if a scenario like this happens. I've seen it happen a number of times, and I get stopped out. And after that stop the price still goes towards the TP level, which is a bit frustrating.

Hopefully you understand what I'm saying and will take the time to reply as it will really help me out.

Thank you very much!
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anilmangal PRO Bayron2304
Every setup has it's own rules for stop, so depending on the strategy you are using , the rules should be VERY CLEAR where the stop should be.
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i'm in!
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Yes, Anil I see how this could work.
The 60 will still pullback.
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Hi master. Shoul it a true break or a false break? Many thanks for all.
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BrunoSalles BrunoSalles
Should*
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Whatever any Troll say: U still good! Well done and just ignore
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I have sold EURCAD at 1.47 after repeatedly failure and rejection from the trendline you mentioned.
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thanks anil for posting great setups. i'm in this one.
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Should 1.444 be the first target? Or before?
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it doesn't happend the consolidation ,why ?
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i ve been looking at this and waiting for It . thx Anil
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Anil I agree with your update we should be going long but maybe a bit more down first
EURCAD Getting ready for long
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I bought 786 fib
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nahidik PRO Zohaib_Malik
Was that 1.432? May I ask where your stop is?
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Obviously 100% is stop
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nahidik PRO Zohaib_Malik
Ok thanks for your input
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another perfect call!
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superb!
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Trend break out on 30 min chart is expected to go LONG - Nice catch as usual Mr. Anil,
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as always, excellent analysis!!!
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Its going down sir
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Hi Anil, would like an update on this pair and see if your view has changed with the recent price action, thanks
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The 240 T/F sure is a buy Anil.
The daily is a sell.
The markets have doubled their Bid/Ask and swaps today, so I will not be trading until Friday.
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thanks Anil, hope to see the up move soon...
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is it a good idea to sell EURAUD?
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good!
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perfect chart
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It came right back in the consolidation zone. Should we close ? hmm
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