GBPAUD waiting for a buy setup.

FX:GBPAUD   British Pound / Australian Dollar
8717 35 232
The GBPAUD             , like the GBPJPY             and GBPNZD             broke out of the down trend , I am waiting for confirmation to buy.
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Comment: Remember it is the quality of the charts posted this is of importance and not the quantity!
Comment: Free webinar in one hour , please share the link with a friend.
Comment: Today's (25/4/16) free webinar recording.
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maybe it was sane to place long entry order @ 1.88 price breach
wow, good,
There is almost no consolidation. Is this breakout still matching the structure in your mind?
so does this now mean, we are still waiting for the consolidation?
Why not add some fundamental analysis to your trading? Today's Aussie CPI release was the best predictor of the breakout forecasted in your chart.
anilmangal tokyotiger
I do not look at fundamentals, since there is no way i can tell how the market will react to it , What I do know is if I see a certain structure there is a 90% chance it will behave in a certain way! As you can see my forecast was way before the news event and not after the fact!
+1 Reply
leeeon anilmangal
Are you in the trade or still wair for the retracement? Great analysis by the way!
buy now?
Can anyone advise if this is considered a breakout of the consolidation or is this just a larger consolidation? I only ask as it seems to have happened so quickly in comparison to Anil's predicted duration of consolidation.
+1 Reply
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