FX:GBPAUD   British Pound/Australian Dollar
4515 30 168
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.
Comment: FREE webinar in 5 mins
https://secure.join.me/FREEwebinarforTV
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
any idea foe EA ?
+1 Reply
thanks for the advise
+1 Reply
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
watching closely anil, thanx heaps for the heads up.......
+1 Reply
On this one too, thanks for posting this Anil!
+1 Reply
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
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
I have no idea what you are talking about, but thanks for sharing .
+11 Reply
MHlousek anilmangal
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
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
I am sorry, do not want to teach. This pair is in a downtrend, ok)
Reply
It's likely that Anil is my teacher :)
Reply
MHlousek puretradelife
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
You could ask him to teach you. I think his the best of die best, LOL
Reply
anilmangal PRO puretradelife
OK Guys knock it off ,no noise or distraction is needed. Everyone has a right to his views.
+7 Reply
marcus123 MHlousek
With all due respect, I personally would not pay too much attention to one indicator (ADX)alone/ in isolation.
Reply
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
The debate is trading related. Debate is healthy as it can help inform and educate as long as it doesn't become personal.
Reply
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
Paul-FXTC PRO Paul-FXTC
Pair mayor trend is bullish, but our Friend Mr, Anil is giving us a nice Short Posible Trade...
+1 Reply
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
great work sir i put tp is 2.1250 let hope it will touch
+1 Reply
anilmangal PRO imtiaz.ahmad
nice!
+2 Reply
DOUBLEBOTTOM?
+1 Reply
congratulation dear Anil . may you update your idea for Gbpaud please ...
+1 Reply
Will it go further down or will it reverse?
+1 Reply
Mr Anil is absolutely my teacher . the downtrend of 60 is classical that " lower low ,lower high" from what I learned.
+1 Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
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