FX:GBPAUD   British Pound/Australian Dollar
4510 30 164
a year ago
This pair is in a down trend. NFP coming up so one more spike up is possible .
I will be looking for the sell after the news .

Trade with care.
Follow me for more update.
a year ago
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BLUE43 TOP
a year ago
any idea foe EA ?
+1 Reply
tupaitrader
a year ago
thanks for the advise
+1 Reply
Cazzie
a year ago
Agreed the pair is in a downtrend Anil. But the "breakout" will be short lived as it is moving up. The daily is exhausted.
+1 Reply
Love Peace
a year ago
watching closely anil, thanx heaps for the heads up.......
+1 Reply
On this one too, thanks for posting this Anil!
+1 Reply
Cazzie
a year ago
I have a target for the downtrend.
+1 Reply
snapshot


Using gann square.
Reply
Hope you sold after the news. In any case, you called it!
+1 Reply
MHlousek
a year ago
GBPAUD, not it is in an uptend,, weekly in uptrend, ADX of weekly is 40(=strong uptrend) AD+ is above AD- , daily also AD+ above AD- , ADX is 30 (still strong), 60 Minutes chart...AD- crossed AD+, however ADX is lower than 20 (weak trend) and RSI is in oversold condition soon...technically a move up should occur..
Reply
anilmangal TOP MHlousek
a year ago
I have no idea what you are talking about, but thanks for sharing .
+11 Reply
MHlousek anilmangal
a year ago
I am talking about trend. ADX is a very important trend indicator. and the weekly and daily ADX is in a strong uptrend. Thasts why I do not understand why you write that this pair is in a downtrend. thanks
Reply
anilmangal TOP MHlousek
a year ago
LOL , SERIOUSLY? you teaching me what ADX is? OK hope you get it this time , I still don't have a clue what you are talking about, but thank for sharing.
+4 Reply
MHlousek anilmangal
a year ago
I am sorry, do not want to teach. This pair is in a downtrend, ok)
Reply
puretradelife PRO MHlousek
a year ago
It's likely that Anil is my teacher :)
Reply
MHlousek puretradelife
a year ago
Welles Wilder is my teacher))...I do not want to teach or criticise anyone. But as long the dailys show that DI+ is above DI- and the ADX ist above 20 it is for me still an uptrend. Once the DI+ and DI- cross each other (best above ADX 20) , it is a possible change in trend...it is simple as that. And a good teacher would not have written: " I do not know what you are talking about"..he would have asked: "what do you mean?.)) But anyway! I still did not learn from Anil why it is an downtrend. I would like to know but he writes LOL...what should I say?))
Reply
puretradelife PRO MHlousek
a year ago
You could ask him to teach you. I think his the best of die best, LOL
Reply
anilmangal TOP puretradelife
a year ago
OK Guys knock it off ,no noise or distraction is needed. Everyone has a right to his views.
+7 Reply
marcus123 MHlousek
a year ago
With all due respect, I personally would not pay too much attention to one indicator (ADX)alone/ in isolation.
Reply
Cazzie
a year ago
Everyone just needs to focus on trading.
That's why we are all here; to enjoy the challenge.
We all want the best for each other.
+3 Reply
marcus123 Cazzie
a year ago
The debate is trading related. Debate is healthy as it can help inform and educate as long as it doesn't become personal.
Reply
IvanLabrie PRO marcus123
a year ago
Indicators won't find the nuances in the price action that we need to figure out market condition.
You need a combination of price action, structure, experience and a specific analysis methodology to figure out the market type, either corrective/sideways or trending up/down. Once you know that, some indicators can provide useful cues, like for example finding divergence on momentum indicators, or oversold/bought extremes in a range scenario.
+2 Reply
GBPAUD Short right now but the Trend still to the upside
Reply
Paul-FXTC PRO Paul-FXTC
a year ago
Pair mayor trend is bullish, but our Friend Mr, Anil is giving us a nice Short Posible Trade...
+1 Reply
anilmangal TOP Paul-FXTC
a year ago
Yes agree it's all about which time frame you are looking at and NOT AN INDICATOR . Yearly down, Monthly up, weekly correcting, 240 and 60 down . And that is what I meant when i say I say I have no clue what he is talking about. Don't tell me your indicator says you are in an up trend.
+4 Reply
imtiaz.ahmad
a year ago
great work sir i put tp is 2.1250 let hope it will touch
+1 Reply
anilmangal TOP imtiaz.ahmad
a year ago
nice!
+2 Reply
KristjanRoivas
a year ago
DOUBLEBOTTOM?
+1 Reply
Mazenfx
a year ago
congratulation dear Anil . may you update your idea for Gbpaud please ...
+1 Reply
steelbrain
a year ago
Will it go further down or will it reverse?
+1 Reply
Jack4Rain
a year ago
Mr Anil is absolutely my teacher . the downtrend of 60 is classical that " lower low ,lower high" from what I learned.
+1 Reply
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