anilmangal
Short

EURCAD sell setup

FX:EURCAD   Euro Fx/Canadian Dollar
14968 100 374
8 months ago
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.
8 months ago
Comment:
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8 months ago
Comment:
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8 months ago
Comment: The sell is over let's see if we get the buy now.
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8 months ago
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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8 months ago
Comment: I am expecting it to break out but we will see.
8 months ago
Comment:
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8 months ago
Comment:
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7 months ago
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
cowboy69
8 months ago
thanks ! looks good
+1 Reply
anilmangal TOP cowboy69
8 months ago
U R welcome
+3 Reply
Checkmate PRO
8 months ago
Appreciate your time anil for all the work you do.. Thanks a ton...
+1 Reply
anilmangal TOP Checkmate
8 months ago
Glad to help
+4 Reply
Guhanak7
8 months ago
Thanks a ton anil !!
+1 Reply
anilmangal TOP Guhanak7
8 months ago
Thanks
+3 Reply
ChenChihyu
8 months ago
Thanks Man
+1 Reply
anilmangal TOP ChenChihyu
8 months ago
Thanks to you too
+3 Reply
mdvisser.visser
8 months ago
thanks
+1 Reply
anilmangal TOP mdvisser.visser
8 months ago
U R welcome
+3 Reply
EvermorePips PRO
8 months ago
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.
+1 Reply
anilmangal TOP EvermorePips
8 months ago
Glad to help.
+3 Reply
URIFX
8 months ago
Amazing! I wish I could join your class soon!
+1 Reply
anilmangal TOP URIFX
8 months ago
Thanks
+3 Reply
ohkrax
8 months ago
Thanks Anil for listening to our recommandations !
+1 Reply
anilmangal TOP ohkrax
8 months ago
My Pleasure, always good to listen.
+4 Reply
thomasjgmaynard
8 months ago
Thank you
+1 Reply
anilmangal TOP thomasjgmaynard
8 months ago
U R welcome
+3 Reply
den_
8 months ago
thank you Anil!
+1 Reply
anilmangal TOP den_
8 months ago
U R welcome
+3 Reply
BinXia
8 months ago
Great work
+1 Reply
anilmangal TOP BinXia
8 months ago
Thanks
+3 Reply
missmatch
8 months ago
Thank you
+1 Reply
anilmangal TOP missmatch
8 months ago
U R welcome
+3 Reply
anilmangal TOP missmatch
8 months ago
U R welcome
+3 Reply
DavidCallwood
8 months ago
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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+3 Reply
anilmangal TOP DavidCallwood
8 months ago
Thank for sharing
+1 Reply
hawkvt1
8 months ago
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.


+1 Reply
anilmangal TOP hawkvt1
8 months ago
Thank you.
+2 Reply
annur5579
8 months ago
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.
+1 Reply
anilmangal TOP annur5579
8 months ago
thanks
+2 Reply
Cazzie
8 months ago
Although I am buying this pair Anil, I can see it's ready for a nice pull-back, so how can I deny it.
+1 Reply
anilmangal TOP Cazzie
8 months ago
:) let's see
+2 Reply
SalahAwad4
8 months ago
THANKS SIR!!!! please advise if we can enter sell trade at this moment, it didn't break at 1.645
+1 Reply
ivansem95
8 months ago
nice one thanks!
+1 Reply
OmarDjurhuus PRO
8 months ago
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..
+1 Reply
anilmangal TOP OmarDjurhuus
8 months ago
Thank you , glad to help.
+1 Reply
OmarDjurhuus PRO
8 months ago
Oh' by the way Anil - Just one question
''Is a doubble top in general terms not the same as ''Truncation'' in Elliott Wave theory?
+1 Reply
anilmangal TOP OmarDjurhuus
8 months ago
depends on what structure you are looking at.
+1 Reply
OmarDjurhuus PRO anilmangal
8 months ago
Forexemple ''If the 5th wave does not go above the 4th wave in motiv wave
+1 Reply
anilmangal TOP OmarDjurhuus
8 months ago
it is not that simple, the question will be are you sure you are looking at a motive structure?
+1 Reply
BOBThetrader
8 months ago
you are doing a great job and your hardwork shows your passion.
+1 Reply
anilmangal TOP BOBThetrader
8 months ago
Thank you
+1 Reply
kallentto
8 months ago
Thank you Anil, you are the reason why I visit tradingview everyday.
+1 Reply
anilmangal TOP kallentto
8 months ago
Always glad to help.
+1 Reply
SalahAwad4
8 months ago
guys please someone answer me, im not professional. it's safe to enter sell now or not?
+1 Reply
anilmangal TOP SalahAwad4
8 months ago
If you are asking , then it;s not safe for you to enter, since you don't have a plan or strategy .
+1 Reply
SalahAwad4 anilmangal
8 months ago
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?
+1 Reply
anilmangal TOP SalahAwad4
8 months ago
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
+1 Reply
Jon88
8 months ago
Thanks for being an active listener. Appreciate your help and guidance.
+1 Reply
anilmangal TOP Jon88
8 months ago
Thank you.
+1 Reply
Edgar_Gaskin
8 months ago
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 TOP Edgar_Gaskin
8 months ago
nice , you have a plan !
+1 Reply
ZohaibFX PRO
8 months ago
Always great analysis ! I will soon join your training course !
+1 Reply
fxmoneycontrol
8 months ago
etred sell at 1.4671 for few pips
+1 Reply
sketchmaster PRO
8 months ago
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!
+1 Reply
anilmangal TOP sketchmaster
8 months ago
LOL that PRO is MIA.
+1 Reply
DarkMatters PRO
8 months ago
You are doing well and should not change your style based on what others want you to do. Stick with what you do best!
+1 Reply
Mireg
8 months ago
Really great. Thanks Dear Anil!
+1 Reply
thewakingeye
8 months ago
thinks Mr Anilmangal i'm new here and i apricied your predictions .
+1 Reply
awaisbaber
8 months ago
hello bros is it the time to go for sell???
+1 Reply
NearDrowning
8 months ago
EURCAD Triangle Formation
I'm looking forward into this triangle.
+1 Reply
cashmachine01
8 months ago
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.
+1 Reply
anilmangal TOP cashmachine01
8 months ago
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 .
+1 Reply
mahmoodnoori
8 months ago
Thanks anil .
+1 Reply
Cazzie
8 months ago
My view Anil is this pair is about to pullback on the 60, but is bullish.
+1 Reply
Cazzie
8 months ago
Tuesday 7th June AUD Rate Decision Day.
Wednesday 8th June NZD Rate Decision Day. Expect Fireworks !!!
+1 Reply
anilmangal TOP Cazzie
8 months ago
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).
+1 Reply
Bayron2304
8 months ago
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!
+1 Reply
anilmangal TOP Bayron2304
8 months ago
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.
+1 Reply
ivansem95
8 months ago
i'm in!
+1 Reply
Cazzie
8 months ago
Yes, Anil I see how this could work.
The 60 will still pullback.
+1 Reply
BrunoSalles
8 months ago
Hi master. Shoul it a true break or a false break? Many thanks for all.
+1 Reply
BrunoSalles BrunoSalles
8 months ago
Should*
+1 Reply
JVtrading
8 months ago
Whatever any Troll say: U still good! Well done and just ignore
+1 Reply
kmk.msp
8 months ago
I have sold EURCAD at 1.47 after repeatedly failure and rejection from the trendline you mentioned.
+1 Reply
chimpsky PRO
8 months ago
thanks anil for posting great setups. i'm in this one.
+1 Reply
IAmAgainst
8 months ago
Should 1.444 be the first target? Or before?
+1 Reply
thewakingeye
8 months ago
it doesn't happend the consolidation ,why ?
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DiaTronik PRO
8 months ago
i ve been looking at this and waiting for It . thx Anil
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nahidik PRO
8 months ago
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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Zohaib_Malik
8 months ago
I bought 786 fib
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nahidik PRO Zohaib_Malik
8 months ago
Was that 1.432? May I ask where your stop is?
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Zohaib_Malik nahidik
8 months ago
Obviously 100% is stop
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nahidik PRO Zohaib_Malik
8 months ago
Ok thanks for your input
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jal811
8 months ago
another perfect call!
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BekirTanriover
8 months ago
superb!
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dmoss
8 months ago
Trend break out on 30 min chart is expected to go LONG - Nice catch as usual Mr. Anil,
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liron14 PRO
8 months ago
as always, excellent analysis!!!
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Its going down sir
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theaudir8fan
8 months ago
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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Cazzie
8 months ago
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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andreas1
8 months ago
thanks Anil, hope to see the up move soon...
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AnasHelios
8 months ago
is it a good idea to sell EURAUD?
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Zohaib_Malik
8 months ago
snapshot
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vvv
8 months ago
good!
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Zohaib_Malik
8 months ago
snapshot
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arif_awan
7 months ago
lllll
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Ltscofield
7 months ago
perfect chart
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ohkrax
7 months ago
It came right back in the consolidation zone. Should we close ? hmm
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