FX:GBPAUD   British Pound/Australian Dollar
11263 21 242
Hi Traders, the GBPAUD             is breaking out of the corrective down trend, I am waiting for the lower degree correction to finish and for it to breakout for the next up impulse.


Trade with care
Thank you for your support.
Comment:
snapshot
Comment:
snapshot
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
Theres a hammer candle with price confirmation at a support area, I believe this is a good trade. Im long with my stop below the low of the hammer. Thanks Anil!
Reply
Nice analysis, i have the same here, but i let the possibility of a bearish breakout for one more wave on the lower correction.
Reply
Sir can you do analysis of cadjpy
Reply
Thanks for the idea. I took a break even on the last break and am looking for the same breakout now. Inverse H&S formation, this could take a while before it goes.
+3 Reply
EU sir how the setup next week..tq
Reply
This will be interesting!
+1 Reply
NidalDarawsheh NidalDarawsheh
I am not advocating short here, based on the chart both possibilities are valid, just following the safest by selling high and buying lows
Reply
judderod NidalDarawsheh
That's helpful, thanks. I didn't take this sell because I had a position that was still in loss from Anil's last sell setup on this pair. The move overnight hit my stop.
+2 Reply
judderod judderod
This could be ready for a buy on a break of 1.6110, (but I'm staying away from GBP crosses for now - too sideways for me).
Reply
snapshot
Reply
NidalDarawsheh NidalDarawsheh
possibly B ended at 0.618 (blue) i took my short pips there and took a long position now at BE
Reply
judderod NidalDarawsheh
Looks like a buy at 6110 would have been a good idea!
Reply
but selling 1.6093 then buying 1.592 made me 3 times the pips, add to that the speed, did you see "breakout wait for constellation" thing, i bet you majority missed the entry or got stopped twice, i stick to my opinion buying the low by identifying B at 1,592 was the right thing to do
+1 Reply
NidalDarawsheh NidalDarawsheh
snapshot
Reply
Pacorretaco NidalDarawsheh
--2-- The thing is, you don´t know if it actually is alower low. Flash crash happened so quickly that the low you refer to differs from broker to broker.
Reply
NidalDarawsheh Pacorretaco
don't know about that, I have 3 data sources here they all plotted LL, as I said I am not advocating short or long it just my count is different, and it made an excess of 300 pips I actually closed my long as well now and I'll wait and see, my impulse count ended at the LL, and I am looking at the current structure as corrective it could be ABC or ABCDE or God knows what,
Reply
NidalDarawsheh NidalDarawsheh
snapshot
Reply
NidalDarawsheh NidalDarawsheh
and this could be another possibility, all i am saying dont marry one idea
Reply
Thanks Anil, been keeping a close eye on this one. Thanks for sharing your wisdom and I have learned alot from you and I appreciate your generosity to share and help us less knowledgeable and novice traders. Looking forward to your next webinar and hopefully one day I will be able to take your course.
Reply
Nice
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out