FX:EURNZD   Euro Fx/New Zealand Dollar
ew fx
6048 34 229
ew fx
4 months ago
Hello Traders, this setup looks good. Please use a tested strategy to trade, do not use any strategy you haven't tested yourself.
I am sorry for not been able to answer all the PM messages sent to me here on tradingview. In the future please use my fb             page ( https://www.facebook.com/ProwaveTrader/ ) or skype : mangal457 for such message.
If you don't want to miss any of my postings or webinar in the future please use the fb             page.
Thanks for the overwhelming support I have been getting the pass week, you guys are awesome.

Trade with care
Remember little knowledge is dangerous and little power corrupts. Learn to be good trader and you will have the power of freedom.

4 months ago
Comment:
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higunraya
4 months ago
TP?
+1 Reply
anilmangal TOP higunraya
4 months ago
depends on your strategy
+2 Reply
jannispo
4 months ago
Great setup Anil! Thanks!
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anilmangal TOP jannispo
4 months ago
Thank you .
+2 Reply
DAVID_GIRALDO
4 months ago
enjoy very much your charts anil!
this was actually mine fron the weekend. seems we both have different views. might you mind sharing why you still have bullish bias after the triangle breakout?
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+2 Reply
kenfxfreak DAVID_GIRALDO
4 months ago
great analysis David.
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DAVID_GIRALDO kenfxfreak
4 months ago
thank you!!
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anilmangal TOP DAVID_GIRALDO
4 months ago
@David the daily is down but i am expecting the 240 up move, to continue after a correction. I don't see it as a triangle ,just a bigger correction , I will not be buying unless it proves up side since the correction could be more complex.
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+5 Reply
DAVID_GIRALDO anilmangal
4 months ago
thank you yes i agree with your views. i see bullish momentum coming in as well
+1 Reply
TanSY anilmangal
4 months ago
Please teach me what is 240? Sorry for asking simple question because I'm new to Forex. Thank you for answering.
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Ranothil TanSY
4 months ago
Each candle on a chart is a record of a specific period of price action. So when someone says the 240 chart they mean the chart where each candle represented 240 minutes/4 hours of price action. The 240 chart is commonly used for medium to long term analysis which should bolster the ideal short term setup.
+1 Reply
TanSY Ranothil
4 months ago
Thank you, sir! Now I understood after read your explanation.
+1 Reply
ewpnx1 PRO
4 months ago
Thanks Anil
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mrsolansgh
4 months ago
like you always say 'don't miss this one'. thanks mr anil
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anilmangal TOP mrsolansgh
4 months ago
you are welcome
+1 Reply
nahidik PRO
4 months ago
Thanks for the great chart Anil. Does it look like there might be a LTF 5 wave pattern which may give us one more down? Is this a possibility?
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nahidik PRO nahidik
4 months ago
Yeah it came down for another leg
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nahidik PRO nahidik
4 months ago
Did most of what was predicted. The support and resistance levels worked well.
EUR/NZD lots going on
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ivansem95
4 months ago
glad to see you again, mr. Anil! Nice chart!
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yashar.ismailov.9
4 months ago
already in
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Citizen93
4 months ago
Thank you
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Cazzie
4 months ago
Anil, when i looked at this pair last week, I saw a down move to 1.5518.
It needed to do this (which was a bullish move).
Once this is over, it should move up Impulsively.
Sooooooooooooooo glad you're back in your old chair again :)
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andreas1 Cazzie
4 months ago
Cazzie can you explain me why you see the down move to 1.5518? i cannot see the counting for this...at any case you are very close to rich it :)
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Cazzie andreas1
4 months ago
Yes Andreas 1. This view is only my personal one based on my analysis. I know the pair is almost at the 1.5518.
I see the structure as an Inverse one. It made a pullback low similar to the one on the left side. That level is 1.5518 or thereabouts. :)
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Cazzie andreas1
4 months ago
Andreas 1. I forgot to mention why it's an Inverse structure..... It's a Bullish H&S
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andreas1 Cazzie
4 months ago
ah , ok ,understood, really nice i can see this now... but if you are looking for this i think the low need to rich at 1.545.. this is the low i see in the left side not 1.5518...will be really interesting to see if it will really do but slowly inside the trend line...if yes will take a lot of time ...
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Cazzie andreas1
4 months ago
No Andreas1, you are looking at the wrong low of left shoulder.
It is the 1.5518 level, although it may not make it that far on the right shoulder.
But it is not the level you posted, the structure would be out of balance.
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dmoss
4 months ago
If it doesnt breaks the high at 1.5648, and forms a lower high - a buy will be coming in between (1.545 to 1.575)
Observe the structure it looks like its going to retrace, and if you look at stochastics you will find divergence in fast stochastic and overbought in slow stochastic for the 30 min chart + the mini trend down broke on the 30 min chart.
I would suggest you guys to use fibs, from the last high in the channel by Mr. Mangal to the lowest low. Observe on the levels which were rejecting the price to make a low below or high above, and you will find a Head & Shoulder pattern.
Sorry guys im doing this from a cell phone, or would have posted an image instead.

P.S. I might be wrong Trade at your own Risk
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dmoss dmoss
4 months ago
#DO NOT FORGET TO WATCH THIS GUYS WEEKLY WEBINAR THEY ARE PACKED WITH INFO!
VIDS ON UTUBE JUST SEARCH anilmangal

GREEN PIPS TO YA'LL
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failchicken
4 months ago
Will this raise again? I forgot to get TP :'(
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dmoss failchicken
4 months ago
You didnt buy 1.545?
If you are in
TP target1: 1.57
TP target2: 1.61
+1 Reply
TanSY dmoss
4 months ago
I set my TP at 1.60
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TanSY
4 months ago
I'm waiting for breakout. So from your advice, do we need to keep floating until first week of August?
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dmoss TanSY
4 months ago
I cannot say, signals are noise anything might happen, but it still didnt break the downtrend channel, so you better move your stop losses so that you dont loose money.
+1 Reply
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