Hello Traders, I am a bit busy this week so I will try my best to post some setups as I see them, Most of the pairs are in consolidation so only short term trade setups for now. This pair is trending down in the daily consolidation so a sell on the break seems like a good idea. It might be the last impulse down on the 4hr before it turns up for another daily impulse.
If you trade live you should know how to confirm breakout because it will always pull back to structure then make another level low/high
FOREXINVESTMENT
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what will next happen to eurnzd ? its way up
fre3zzy
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I think it will consolidate near the wedge before impulse down. Not sure tho. Still learning
cperezmontilla80
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Anil, maybe I'm wrong but It look to me that, now is starting to make an expanding triangle, I don't think the correction has finished yet
Imtiazalijamali
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price closed below trendline very next candle goes up and closed up so how we confirm real breakout ?????
mwbro
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Nice pinbar on 1hr
TradeBeat86
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Amen! Anil, you are already doing SOOOO MUCH for the community, just let the losers lose! If they just want free signals from you let them lose their account trying! You don't have to explain yourself. If they know what they're doing, the SL will be where they have to be, and they'll get a winning trade anyways! If not, just get the knowledge, or just lose your account trying to play smartass, and blaming somebody else for your mistakes!!
From MY side HUGE THANKS Anil!
thomashvu
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That's what I call a false breakout.
mrleedz
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According to Anils' teachings on trading which I agree on, there's no such thing as false in trading since the price actually touched that area regardless if it moved as you expected or not, So the breakout was real but it just did not continue down.
thomashvu
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Its a false breakout when he tells us to set up sells below the line. then when it triggers it goes back up lol