anilmangal
Short

DON"T MISS THIS ONE EURNZD

FX:EURNZD   Euro Fx/New Zealand Dollar
2098 28 104
This is classical IMPULSE- correction- IMPULSE. The correction is either a 3 wave flat which means it will break out now or it's a 5 wave wedge and that means we get one more wave up.
Either way it's a nice setup.

Trade with care and used good money management

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nice chart! I see you've given your chart a bias (short). Can you explain what your invalidation level would be so I can make it suggested? Thanks!
Reply
anilmangal TOP ninjabenja
a year ago
Thank you Ninjabenja , but I am not interested in having my charts been suggested. As a matter of fact I am against any chart been suggested. I post my views and if it help at lease one trader make a good trade my mission is fulfilled.
+8 Reply
ninjabenja PRO anilmangal
a year ago
Ah, understood. Thanks!
+2 Reply
where would you recommend shorting if it doesn't go for 5th wave and breaks out now?
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anilmangal TOP CheyanneLawrence
a year ago
Hi Cheyanne you would have to use your own strategy to trade. If you don't have a strategy to trader breakout trader then you should skip it . Trading without knowledge is VERY dangerous! That is why i don't sell signals and indicators and I don't advice traders to buy them.
+2 Reply
anilmangal TOP anilmangal
a year ago
to trade breakout*
+2 Reply
pippo anilmangal
a year ago
it is difficult to exti a trade, even if the signal is given from someone else
Reply
tupaitrader
a year ago
i think it is triangle...ABCDE.....with my wave count...i thnik it move up....but when i was looking to the divergence....shows some downward movement....lets see wheather it breaks the lower trendline...or make a reversal...then we make the decision...thanks anilmangal
Reply
Cazzie
a year ago
Morning Anil. I have a butterfly which shows a buy on 60 & 240 charts. TG for both : 1.8028
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Don't forget about RBNZ rate decision tonight. This pair can easily fly above 1.80...
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Happy69
a year ago
Am watching Anil, as have 3 orders on from top down, waiting to see if we bounce on T/L, and take profit, ready then to buy back to top.
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KristjanRoivas
a year ago
It did brake lower trendline
Reply
anilmangal TOP KristjanRoivas
a year ago
It's not a break out as yet
+2 Reply
nico.rolle anilmangal
a year ago
Sorry i'm not so experienced in trading, what does count as a break out?
Reply
DavidRicardoFX nico.rolle
a year ago
When it breakes the resistance and closes a candle below the resistance
Reply
nico.rolle DavidRicardoFX
a year ago
ty
Reply
DavidRicardoFX
a year ago
Thanks Anil!
Reply
Cazzie
a year ago
I like this trade Anil. Having looked at it, have noticed it has been ranging from support & resistance, with a range quite large over 500 pips. Right now I'm buying support on a 60 min time frame, although the details have been taken on a top down approach.
Reply
tcas
a year ago
It looks like price is going up. If it breaks TL downtrend for h1 I buy.
Reply
hatimtai
a year ago
It just shot up like crazy im short at 1.78000. Thanks for the setup. SL level would be appreciated as invalidation for this trade.
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Cazzie
a year ago
Well, the resistance of the range is about to be hit....Nice. If it fails to break through resistance, I'll sell it to support.
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HI all this is the update on this chart ,then move down invalidate a wedge ,so now it looks more like an abc
snapshot
+5 Reply
GcNaif MOD anilmangal
a year ago
nice Anil, as usual good call.
Reply
pippo anilmangal
a year ago
is it developing a final wave in c, before a correction?
+1 Reply
VonRayVillahermosa pippo
a year ago
seems like it
Reply
I think it'll continue up, wouldn't dare short EUR, specially not vs NZD.
It's just that the stops would need to be too wide, otherwise I'd look for longs.
Can head to 1.95 from here.
Reply
Happy69
a year ago
Anil , yes profit x3 down to T/L 2 eo 's taken in at bot T/L to top t/L , 1 eo to sell from top down , but caution as it looks like going higher ?, A bit of extra study and time in charts helps. This is easily going to be my best months trading since doing your course.
Reply
KVE PRO
a year ago
Very good, now waiting for confirmation...
Reply
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