FX:GBPAUD   British Pound/Australian Dollar
10888 30 225
4 months ago
Hi Guys , if you check my GBPNZD             chart you would notice a similar structure.
Let's see if the is an ending diagonal then we will have a nice trade up, For nor there is a short term sell setup.


Trade with care
Thank you for your support.
4 months ago
Comment: DAM!! woke up late and misses most of the profit!! Anyway still better than expected!! sorry if you found support there.
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
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Training : add to skype mangal457
judderod
4 months ago
Price is back the previous daily low after a break below and a correction back to it. I won't be selling this, I think it could still break above the upper downward trendline soon, then flag. Let's see! Looking forward to your webinar tomorrow Anil.
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judderod judderod
4 months ago
Wow I stand corrected! Did not see that coming. Well done Anil.
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anilmangal TOP judderod
4 months ago
It's not about me , it's the method which i use to analyze charts.
+1 Reply
RobbyWestHouston anilmangal
4 months ago
In normal markets it works...but this is irrational market on all GBP pairs... NOTE: Markets can remain irrational longer than you can remain solvent !!!!
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anilmangal TOP RobbyWestHouston
4 months ago
There is nothing irrational about the market, if you hold such view then you don't understand how wave structure work.
+1 Reply
judderod anilmangal
4 months ago
It wouldn't hurt you to to take a compliment, with the greatest of respect.
+1 Reply
anilmangal TOP judderod
4 months ago
Thank you , but you can truly do the same forecast, if you use the same method since it's rule based.
+1 Reply
RobbyWestHouston anilmangal
4 months ago
All I was trying to say it anilmangal works in normal market conditions. If anyone believes they have a system to predict non rational. Sorry their is nothing that predicts non logical... rational events have logic to them. Logical events can be predicated with simi high levels of accuracy... non logical events can not be predicated... This is why computers fail at all kinds of things because they deal in logical events that have a known outcome. If you have a market doing logical events. One can project price events like anilmangal. When you have non logical events like massive stop running on GBP pairs. That is a non logical market because it is not driven by supply and demand. It is being manipulated to make a certain thing happen. That can never be predicted. Same as you can never say were a terror will happen or were natural event that takes life will happen. Those are non logical events. Same as manipulation of GBP.
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sinakhan98 RobbyWestHouston
4 months ago
True! You can even see that in the chart above, that the bottom is supposed to be at 1.6452 where this system probably start going other direction and probably go long!
But the reality in this case was a drop down to 1.58 which is another 600 pips ;-)
So you are right about that these simple rules working in normal market conditions but unfortunately as traders we do not have any other tool to use!
Btw, GBP is not finished its down journey :-)
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Smiley8080
4 months ago
Mee too, looking forward to this developing and webinar. Thanks Ani.
+1 Reply
watsonzou26
4 months ago
It looks sell set up.
+1 Reply
earthkamol
4 months ago
What should we do now sir?
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senejani.ali PRO
4 months ago
Thank you for the analysis. It looks like all GBP pairs crashed just now. Are the GBPAUD and GBPNZD setups still valid? Thanks.
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HItrader
4 months ago
Nice setup. Bit of a gift from the market by giving a little extra room on my TP. Seems wise to wait for some structure on the gbp pairs before attempting another trade. A flag at the least for me to feel comfortable with another sell on this one.
+1 Reply
saadalielghobar
4 months ago
anil!! Do you expect a strong rise now ?
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FxInfaz
4 months ago
Eagerly waiting for weekly out look
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anilmangal TOP FxInfaz
4 months ago
share the link
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ArtFly
4 months ago
Do you foresee the next move up after this manipulation?
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chimpsky PRO ArtFly
4 months ago
i wasn't in any gbp trades but was watching gbp/nzd charts when it happened and the first thing i did was to see if there was any scheduled news and was surprised when there was none. First thing that came into my head was manipulation. I checked the web after about an hour to see what caused it and analysts on cnbc and other business sites where saying "fat finger" .. yeah right..
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chartmaster
4 months ago
Can you please be more specific with your comments? I presume you entered a short in the previous consolidation pattern (around 1.67) where you described a potential ending of a diagonal. Now what? Have you closed your short and entered a long?
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Nice gift from the market, exited my shorts, watching for the next move...
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anilmangal TOP ukrapidexchange
4 months ago
nice!!
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ieducswesps
4 months ago
No need to appologise Anil,yesterday you gaved us heads up,that the GBP is in down trend
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arshadd ieducswesps
4 months ago
Saying the truth
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anilmangal TOP arshadd
4 months ago
nothing like someone been happy they can pounce on you !@arshadd!! but you have it wrong , I am sorry for those who saw support there and bought, like you sir. My chart was showing a sell and one we made well of!
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arshadd anilmangal
4 months ago
Thank you anil.
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bunah2
4 months ago
What happened to GBP? big drop without news...
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kidbroge
4 months ago
After what just happened I wouldn't trade the pound with a ten foot pole.
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henrylin92
4 months ago
hi anil, are you posting your latest weekly update on youtube this week?
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DaudMohammed
4 months ago
Will Gbp recover now for all Gbp pairs ? Or will there be more downfall ?
Reply
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