anilmangal
Short

EURGBP sell setup

FX:EURGBP   Euro Fx/British Pound
16522 84 296
a month ago
Hi Guys, this sell looks like a good one, considering there is bigger correction in play on the daily and weekly chart.


Trade with care
Thank you for your support.
a month ago
Comment: Good Morning Traders, I just woke up to a lot of crazy comments on the post. If any is going to quote me please do so accurately. Here is what i said."If you don't have a STRATEGY to trade breakout trades then DON'T TRADE."
If you ask where to enter don't trade it .
If you ask where is the strop don't trade it.
If you ask is it a break out don't trade it.
This all means you don't have a plan and no strategy so you are not ready to be a trader. You are not ready to take responsibility for your actions.
Win or lost, you should be ready to take responsibility because you should have done the necessary testing ands know that your strategy allows such .
My post is only giving you a sense of direction as yo where my analysis say it should go .
a month ago
Comment: **if anyone** is going to
a month ago
Comment:
snapshot
a month ago
Comment:
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a month ago
Comment:
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a month ago
Comment: clarifying the corrective structure
snapshot
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
RobbyWestHouston
a month ago
I agree...it should also break the .88 TL too...so this is a very good entry!
+1 Reply
BrunoSalles
a month ago
The current MACD structure is helping in this idea?
+2 Reply
MartinVlaev
a month ago
yes, what about the macd divergence?
+3 Reply
Dinkan MartinVlaev
a month ago
He just said that sell the breakout. That simply means, right now it is not to sell, if it breaks out the yellow line there is a possibility to sell. When it breaks out and the divergence is still there you can put this question. Right now, we see if it breaks out.
+1 Reply
MartinVlaev Dinkan
a month ago
ok, about 10 pips below the yellow line, the divergence is still there :) Is it a break out?
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Dinkan MartinVlaev
a month ago
If you don´t know how a pair breaks out, then you should not be trading live.!
+1 Reply
MartinVlaev Dinkan
a month ago
I'm not trading live, just learning and asking for advice :)
Can you help?
+4 Reply
Dinkan MartinVlaev
a month ago
I can't, but Anil will do. Contact him via PM.
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lincolnborgesrp MartinVlaev
a month ago
"If you don´t know how a pair breaks out, then you should not be trading live.!"

I wonder if the person that say this, really knows what is a breakout.

I never saw someone explaining a breakout, only the same speech

"eeerrrr.. if you eerrrr dont know what is errrrrr.. breakout eeerrr.. do not trade live"

¬¬
+6 Reply
arshadd lincolnborgesrp
a month ago
Good splap.. Weldon lincolnboresrp
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mellowhype90s MartinVlaev
a month ago
You don't really know if it is or not a break out, it can be a fake one, that's why many traders prefer to wait until the price retest the area once the break out is produced, but by waiting you can miss the opportunity. I prefer both, if the setup allows me a more tight s/l, I take the break out.
+2 Reply
Dinkan MartinVlaev
a month ago
Hahaha, those who nosedive must have broken theirs Nasal bone
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LukasSilva
a month ago
Everyday learning, everyday getting better. ThankYou Mr. Mangal. Greetings from Germany
+1 Reply
harryexe
a month ago
Just broke through and shorted. Hmm where is a good stop loss?
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lincolnborgesrp harryexe
a month ago
I dont think the price brokeout.. 1 pip after the "line" does not mean brokeout
At least 10 pips, this is a really brokeout
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harryexe lincolnborgesrp
a month ago
Hmm, to me a breakout is a #M30 candle opening below the support or the trendlind in this case. Either way, I have other reasons to short this.
+1 Reply
EdmondS harryexe
a month ago
how do you determine where to put your stop loss?
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harryexe EdmondS
a month ago
I'm not sure from his strategy. But for this trade, I'm giving myself slightly higher than the previous high for stop loss
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EdmondS harryexe
a month ago
Okk thanks!
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harryexe lincolnborgesrp
a month ago
Break out seems pretty clear now
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lincolnborgesrp harryexe
a month ago
ok, good luck for us :-)
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GamingZone
a month ago
im really waiting for this, and yeah im shorting on this. thank Sir Anilmangal
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jannispo
a month ago
Very nice Anil!!!! I am going to take this one! Thanks for sharing!!!
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ubersorg
a month ago
Appreciate if anyone can answer this.

What is this wave pattern / method exactly called?
I can see a breakout but I dont really think that its a strong one, not to forget EUR news coming in a few hours.

Thanks.
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BVDollar
a month ago
I was also on the same strategy of a breakout setup to go short. If it breaks out within the next 3 hours it would be nice. Otherwise I'll go long on this one due to the news coming in 4 hours time. Thanks Anil. :)
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It is break and its go up again, `dont let people to loss money from your assumption, at least you have to be really sure about the breakout line so people can get in
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epsion22
a month ago
"know when hold em, know when fold em, know when to walk away, know when to run".... i think we are big boys and girls here. I took the trade and sometimes it doesn't work out. On to the next.
+1 Reply
anilmangal TOP epsion22
a month ago
well said, i am in the trade since last week and still in , even the big spike did not scared me !
+5 Reply
GamingZone anilmangal
a month ago
well said. Mr Anilmangal taught me about how we enter after the flag, waiting for retracement and so on. im following his analysis on youtube and i can said that his analysis are good and worthy to take the risk. For me he is the best. keep it up Sir Anilmangal
+2 Reply
ali.forexwala anilmangal
a month ago
Can i know your tp and sl ?
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anilmangal TOP ali.forexwala
a month ago
Yes sure you can , stop is where my strategy says the trade is no longer valid and TP is where my strategy says I am expecting it to go. Now do what your strategy says you should do.
+7 Reply
ali.forexwala anilmangal
a month ago
Thanks, Now got your point.
my SL hit.
now speedy going up.. what do you say now ?
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Why do people have to say something- just to say something ''Pride is an ugly thing''

Look at every chart Mr. Anil has posted on Tradingview and one will see consistencies. Instead of being jealous, then appreciate that there is one person who is committed to teaching us amateurs a thing or two. Thank you Mr. Mangal for your free knowledge and helping me becoming a better trader.

His trading style is based of ''Elliott Wave Theory'' and that means there are ''STRICT RULES'' one has to be familier with and if all ''The Einsteins around'' have problem with his strategy- then stay away and leave the gold for us.


+4 Reply
FKHo PRO
a month ago
Anil, I agree with your statement. Thanks!
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LukasNovak
a month ago
There is nice volatility now. I guess we will see big movement to one direction soon..
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alind68
a month ago
Thank you for your analysis!
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Smiley8080
a month ago
Thanks Ani for the great chart.
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Elliott Moore
a month ago
MOST WHO COMPLAIN ARE OVER LEVERAGED AND UNDERFUNDED.SAME STORY,DIFFERENT YEAR.
+1 Reply
OmarDjurhuus PRO Elliott Moore
a month ago
Well said Elliott Moore, I could not have said it better.. ;)
+1 Reply
Elliott Moore OmarDjurhuus
a month ago
thanks Omar. I liked your comment as well my friend.
+1 Reply
ruthrajamanie
a month ago
Always a fan of your work.. thank you very much for your ideas. Keep it up.
+1 Reply
Prome PRO
a month ago
I've a different view:
EURGBP long after breakout
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anilmangal TOP Prome
a month ago
Thanks for sharing
+1 Reply
JovanVeskovic Prome
a month ago
Oooooo, but let us see. I am very convinced it will go down ....
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judderod
a month ago
It was always easy to see this wasn't an ideal setup. You don't need to know anything about wave theory to check what your risk to reward is before entering.
EURGBP no trade setup yet
+1 Reply
judderod judderod
a month ago
Entered sell at 8965.
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mellowhype90s judderod
a month ago
You dont wait for confirmation?
+1 Reply
judderod mellowhype90s
a month ago
My strategy for this type of trade is higher risk. A long wick and fast reversal is possible, so there may be no confirmation. Look at the last touch of this line on the 1H chart, there was no confirmation. If price does break the upper line, I predict a flag will form just above it, giving the chance to close out at BE. Let's see - it's high risk and I do not recommend anyone else should try this.
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mellowhype90s judderod
a month ago
I understand, thank you.
I will personally wait a reversal candle on lower timeframes considering a short position in this setup.
+1 Reply
Jor4hub judderod
a month ago
I would leave it
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judderod judderod
a month ago
Now moved stops to BE. Thank you Anil for the excellent sense of direction.
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judderod judderod
a month ago
Stopped at BE. Now I will look for confirmation.
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ChristianHoeghHolm judderod
a month ago
I love how you consistently use Anil to promote your own tradingview page.. :))))))))))
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judderod ChristianHoeghHolm
a month ago
Interesting observation. Glad it makes you feel loved up xxx
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ChristianHoeghHolm judderod
a month ago
More disgusted than loved really. Can't get attention on your own, so you siphon from the whales.
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judderod ChristianHoeghHolm
a month ago
Stops to BE.
I can assure you I have no interest in your attention.
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Jor4hub
a month ago
Looking good
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ihsan_Nax
a month ago
Guys anil is one of the best trader i have ever seen in my life. If he gave a setup, you guys have to trade with your plans. If you dont knw how to trade on breakouts, then give sometime for learning. He may not give answer all your questions.he is a buxy man. Dont talk about bullshit things.
+1 Reply
inkwell ihsan_Nax
a month ago
Totally agreed!
+1 Reply
ForexKing300
a month ago
Thanks Anil! Appreciate you sharing your analysis with everyone
+1 Reply
kidbroge
a month ago
Anil, regarding breakouts and trading signals in general I would like to share a filter for these I read about. It involves the CCI indicator set at 20 not 14. When it passes the 100 line and this is the key part, stayed 5 candles above or below that 100 line, the breakout or signal is confirmed. Did you ever hear of this one. I've tested it out and it does have legs. Thanks
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anilmangal TOP kidbroge
a month ago
Thanks for sharing, but i have my own tested strategy that works great.
+2 Reply
emrtrade
a month ago
Anil, can you please share another comment if you start to believe your trade is no longer valid? I am still in the trade.
+1 Reply
AlexJaensson emrtrade
a month ago
I am as well.. Was not expecting that last candle damn
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anilmangal TOP emrtrade
a month ago
update posted
+1 Reply
emrtrade anilmangal
a month ago
Thanks a lot! I took a sell position at the top and as soon as it hits my first selling point I will exit all of my trades and get a little profit in total. Hopefully.
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bdsilvano
a month ago
i dont understand why you guys selling eurgbp. the fundamental is buy on this and overall trend is buy. tell me why look for sell setup????
+6 Reply
nxtleveltrader bdsilvano
a month ago
Anything that you can call fundamental is priced into the structure, if you trade based on market structure, you dont need to worry about trends, 'resistance' etc. Anil's webinars and youtube videos show what market structure is all about, give them a try.
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indianlover100 nxtleveltrader
a month ago
I am still in this trade with a loss.Can I close this trade?Please help.
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nxtleveltrader indianlover100
a month ago
If you do not have a tested and successful trading strategy then my friend you should not be trading at all, you will blow your account in no time. This is analysis not trade calls.
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LeGrice PRO nxtleveltrader
a month ago
i do appreciate the work of anilmangal very much; he is a much better trader than i am and i do accept that; but what i do not understand is how a spike that on all gbp pairs almost simultaneously takes off at almost the same time should be something that is only related to structure (even if this time it was the wrong direction)
i m still convinced that there is something that doesn t care about sctructure, waves, fibs, or whatever - (but i m only a novice trying to understand what is happening on the charts)
nevertheless it is undoubtful that this kind of trading shows marvelous results if you do really understand it...

+3 Reply
burrr PRO LeGrice
a month ago
its all about rules
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JovanVeskovic
a month ago
Beautiful trade ! Thank you
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Oath
a month ago
You change all the time !
+1 Reply
SumathiDenward
a month ago
snapshot
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Bull_Trader123
a month ago
TIME TO RIDE POUND WEAKNESS
similar trading style but contrasting ideas
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Bull_Trader123
a month ago
SIMPLE AND CLEAR, SELL THE BREAK OF THE TREND LINE
similar one here
+2 Reply
chartmaster
a month ago
Thanks for your always useful updates. Just to clarify your comment on breakout: you are thinking of a breakout to the downside in that case?
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anilmangal TOP chartmaster
a month ago
no , to the up side , since the pattern at the top already made 5 waves in it
+1 Reply
anilmangal TOP chartmaster
a month ago
Posted an update showing it , thanks for asking .
+1 Reply
chartmaster anilmangal
a month ago
Thanks for that!
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mlbo
a month ago
gnar... looked at the "clarification chart" for 1+ minute asking myself am i dreaming or gone insane. then noticed that it is a 15min-timeframe-chart.... need a rest ;) have a nice day guys! thanks anil!
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papadnoos PRO
a month ago
Could you post an update please ?
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judderod
a month ago
This just got interesting...
Reply
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