FX:GBPAUD   British Pound/Australian Dollar
11183 21 240
4 months ago
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.
3 months ago
Comment:
snapshot
3 months ago
Comment:
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michaelarias PRO
4 months ago
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!
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Iwantobelieve
4 months ago
Nice analysis, i have the same here, but i let the possibility of a bearish breakout for one more wave on the lower correction.
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HoneyBhardwaj
4 months ago
Sir can you do analysis of cadjpy
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judderod
4 months ago
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
Eddy26
4 months ago
EU sir how the setup next week..tq
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Jor4hub
3 months ago
This will be interesting!
+1 Reply
NidalDarawsheh
3 months ago
snapshot
+1 Reply
NidalDarawsheh NidalDarawsheh
3 months ago
I am not advocating short here, based on the chart both possibilities are valid, just following the safest by selling high and buying lows
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judderod NidalDarawsheh
3 months ago
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
3 months ago
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).
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NidalDarawsheh judderod
3 months ago
snapshot
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NidalDarawsheh NidalDarawsheh
3 months ago
possibly B ended at 0.618 (blue) i took my short pips there and took a long position now at BE
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judderod NidalDarawsheh
3 months ago
Looks like a buy at 6110 would have been a good idea!
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NidalDarawsheh judderod
3 months ago
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
3 months ago
snapshot
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Pacorretaco NidalDarawsheh
3 months ago
--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.
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NidalDarawsheh Pacorretaco
3 months ago
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,
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NidalDarawsheh NidalDarawsheh
3 months ago
snapshot
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NidalDarawsheh NidalDarawsheh
3 months ago
and this could be another possibility, all i am saying dont marry one idea
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JayJaybee
3 months ago
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.
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Jor4hub
3 months ago
Nice
Reply
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