anilmangal

GBPAUD waiting for the breakout.

FX:GBPAUD   British Pound/Australian Dollar
21665 72 354
5 months ago
Hi Guys, on all GBP pairs the consolidation is close to breakout so keep an eye on them. Update was posted on the GBPNZD             . I will follow up with the others. This could still make another down so wait for the breakout.


Trade with care
Thank you for your support.
5 months ago
Comment: Take traders based on your own tested strategy. If you don't have a tested strategy then you need to stop trading live and spend more time learning.
5 months ago
Comment: Wait for a flag out of the down channel before any buys
5 months ago
Comment:
snapshot
5 months ago
Comment:
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5 months ago
Comment: please ignore the previous update it was a mistake:

snapshot
5 months ago
Comment: watch for flag breakout
snapshot
5 months ago
Comment: Still upside until the low is broken
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5 months ago
Comment:
snapshot
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
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Training : add to skype mangal457
AdnanKhan
5 months ago
Anil you perceive the market is such an amazing way.
+1 Reply
ndlelafx
5 months ago
I've got the same setup. Expecting eurgbp for a downtrend as well.
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id4799
5 months ago
it's look like good idea.
+1 Reply
JayArSantiago
5 months ago
waiting for long thanks anil!
+1 Reply
jdnwng JayArSantiago
5 months ago
when are you going to enter?
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debainnoob jdnwng
5 months ago
Enter when 1 hour candle closes above trend line, either enter immediately then or wait for a pullback/correction to jump in. Good luck!
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watsonzou26
5 months ago
Thanks, Anil.
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watsonzou26 watsonzou26
5 months ago
It looks like won't break out?
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Oj2ad PRO
5 months ago
What's approx TP?
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debainnoob Oj2ad
5 months ago
1.7080 for me
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piptamil
5 months ago
Thank you anil...
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thesheepofsydney
5 months ago
When we are buying these breakouts what is the confirmation we wait for before we buy?
+3 Reply
earthkamol
5 months ago
Enter buy after breakout? Am i correct?
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hush320
5 months ago
Great setup. I was wondering do we wait for the pull back and enter or just enter as soon as it breaks out
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Batman-oz
5 months ago
Hi Anil, I am following you and two others on here on Trading View, im trying to decide which strategy i like best. Your more conservative than the other two, and i like that better. Do you have a course that is available to be taken and paid for (free would be better lol). I hope for a reply, many thanks in advance, Anthony
+7 Reply
anilmangal TOP Batman-oz
5 months ago
add me to skype for more info : mangal457
+5 Reply
geekylicious anilmangal
5 months ago
Hi Anil, I have added you on Skype and would like to find out more about your course and webinars
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BradFoxall Batman-oz
5 months ago
His course is 2500usd. Message him directly on Skype for more info.
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I dont see a breakout coming. but lets see how it plays..
https://www.tradingview.com/chart/81RLKkCQ/
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baherhosni thegrowmoneymovement
5 months ago
If it breaks, take it!!! what more can the man say :)

Peace V
+2 Reply
ukrapidexchange PRO thegrowmoneymovement
5 months ago
Exactly, we don't know if it breaks or not this time, but if it will, then most of us will be in this trade ;)
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MetalCruisers PRO
5 months ago
" If you don't have a tested strategy then you need to stop trading live and spend more time learning "
So if you are new to forex, don't spend your time on learning, since you already don't have a tested strategy. Listen what Anil says!
Cheers.
+2 Reply
MetalCruisers PRO MetalCruisers
5 months ago
Was a joke, all depends on how you read it!
Great trades to everyone!!
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anilmangal TOP MetalCruisers
5 months ago
????
+5 Reply
baherhosni
5 months ago
I admire your work so much sir.. Thank you..
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NHTG
5 months ago
Looks like a pretty nice setup, thanks.
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sugurlu
5 months ago
Hi Anil, I started to follow your videos at YouTube and they've been very educational so far. I have a quick question. Should I wait for a flag formation at the top of the trend line, or buy immidiately after the breakout? Also in one of your videos you mentioned a course of 6 weeks education but I couldn't find any information about it anywhere. Can you point me to the right direction, thank you.
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anilmangal TOP sugurlu
5 months ago
Add me to skype: mangal457
+1 Reply
Victor.Y.F PRO
5 months ago
Thank you Anil! 1001 pips.
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munirnadir
5 months ago
Anil... which is trend line of target. TF?
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Dinkan
5 months ago
If this is an ending diagonal, then it should make a dip more or the lower trendline to go upside.
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Dinkan Dinkan
5 months ago
If this is an ending diagonal, then it should make a dip to the lower trendline to shoot upside.
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ubersorg
5 months ago
What happens if the bars keep moving forward without breaking the lines, are you suppose to extend them ? :)
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budweiserturk PRO
5 months ago
hi anil can u update your opinion?
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HassanGul
5 months ago
what do think about GBPAUD now...is it good to buy there...i m waiting for ur new analysis about GBPAUD
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debainnoob
5 months ago
The indecision on this pair is nail bitting
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ZIONIST
5 months ago
Anil, so according to the latest GBPAUD chart, did the breakout finally occur? I mean the price crossed the Trend line that you have drawn earlier...
or am i not reading this correctly?
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Hi Anil any update seems to break it
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MartinVlaev
5 months ago
i'm already in :)
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cpozzer
5 months ago
Ok Anil, i'm also in for this one. Lets see if it completes the pattern.
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XIXtaj
5 months ago
I'm long on this as well, wonder what Anil's thoughts are with current market action??? This will be an interesting one to watch, hopefully price starts to trend upwards... Down a few pips right now, but I'm optimistic! Good luck to those who are in this one with me!!
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cpozzer XIXtaj
5 months ago
im down 170 pips :-( lets hope it heads up
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XIXtaj cpozzer
5 months ago
I just got stopped out at 1.60250. I'll continue to watch this one for a sharp upswing though.
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cpozzer XIXtaj
5 months ago
i had it open overnight, i did not think it would drop so much, i have now SL set to 1,5800. Lets see what happens
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XIXtaj cpozzer
5 months ago
Wow! That's pretty low, markets should reverse before ever hitting that SL. I'll pray for you, lol!
But I wouldn't bother setting them below the lowest point of the candle from the flash crash, it's about 1.58350. Anil did say that if price drops below that point, than it be invalidating the up move. It's not much of a difference, but might save you a few pips.
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cpozzer XIXtaj
5 months ago
At this point what are a few pips worth lol :-D
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XIXtaj cpozzer
5 months ago
Let me know how this ends up working out for you. How long were you planning on being in this trade for? and where do you have your targets set?
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cpozzer XIXtaj
5 months ago
I am planning to hold it till mid november, i have 2 targets in mind, according to some calculations based on fibos indicators on all the data available i see a possible 1.70 that could extend to 1.80. I'm still learning a lot so just don't give it to much attention.
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ahmedraslan29
5 months ago
it's look like good idea
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earthkamol
5 months ago
Hi Anil, It seem that the 1.60 is hard to break. Is this a time to move up? Plz,advise
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Noobsnoot
5 months ago
is the long position still valid at this point?
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anilmangal TOP Noobsnoot
5 months ago
yes, wait for the breakout
+9 Reply
MirzaAkhtarMahmood anilmangal
5 months ago
1+plus for youh
+1 Reply
ZIONIST
5 months ago
Anil Sir, are we still in the game on this GBPAUD? like it didn't break support ( hopefully it will not LOL)
Please say a few words when you can
Thank you very much
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tjirm
5 months ago
Hi Anil,

Any update ?

Thanks
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XIXtaj
5 months ago
Hey Anil, just out of curiosity, do you feel that news event today with the Governor of the Reserve Bank of Australia set to speak, that the structure could be violated, and thus making the breakout move unwarranted? Or is your strategy free of all fundamental aspects, and solely based off of technical analysis?
I am just wondering how you base your decisions, and what you think of external factors such as the news.
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Mkris XIXtaj
5 months ago
hey, Unfortunately none of us can predict the exact outcome of news events and as such it is pure speculation. Anil's is pure wave analysis and if it goes against a particular position, worst case is that it may hit SL. But as long as your analysis is right with proper money management, there nothing to worry about as there will always more trades on your way...
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XIXtaj Mkris
5 months ago
It worked in my favor for now. I was just wondering how some professional traders balance fundamentals with technicals. From what I've gathered, most traders only pay attention to MAJOR news such as the Brexit vote, otherwise like you said, trust the analysis!
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anilmangal TOP XIXtaj
5 months ago
Wave patterns are created because of the fundamentals. The structure is built because of the many factors that move the market so all that you have to do is learn to read the structure. Before any impulsive move the market will behave a certain way because all the players who move it will behave a certain way. You can with high probability forecast what they will do if you study their behaviour, which is reflected in the chart. That is what is called wave analysis.
+3 Reply
Jor4hub
5 months ago
Nice
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Dewald206
5 months ago
Is this a code. Where do we use it?
+1 Reply
Bob_B_Northman
5 months ago
Thanks
+1 Reply
richiedinc
5 months ago
Is it broken yet ?
+1 Reply
.Andre. richiedinc
5 months ago
Yes, It's broken. Hopefully it's not a false breakout. Will have to wait and see.
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saro2018 .Andre.
5 months ago
their is no "false breakouts" in the markets...
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cpozzer
5 months ago
This pair is making me crazy XD
+1 Reply
Jor4hub
5 months ago
Thanks anil
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epsion22
5 months ago
shes taking her time
+1 Reply
cpozzer
5 months ago
Anil, don't you think it will test 5906 or 5840 before it goes up?
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earthkamol
5 months ago
Hi Anil, is this pair still upside?
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tjirm
5 months ago
Hi Anil,

Any update ?

Thanks
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derby
5 months ago
I'm having trouble seeing the accuracy of elliott waves here...
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