Wave-Trader
Short

Expecting 5 waves structure in the channel

FX:GBPAUD   British Pound/Australian Dollar
2191 28 74
3 months ago
I am expecting 5 waves structure in the channel. In case price rises before touching my price action line then i will look for structure change and possible pattern formation. Currently i am expecting corrective wave and then sell breakdown and trend continuation setup on upper channel line
3 months ago
Comment: Break up will change structure

snapshot
3 months ago
Comment: Price testing my reversal point and i am watching for price action. I think you guys remember that i was expecting corrective bullish wave but price rising aggressively and impulsively and it may breakup and may change the structure only valid sell setup may form if price stay and hold that reversal point and give us signal that it is not going to break up then we will look for sell currently we are watching for price action either we are going to break through and going to change structure or price holding this reversal point here is the update guy hope this will help much better.
3 months ago
Comment:
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3 months ago
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3 months ago
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3 months ago
Comment: If not in get in on breakout reversal pattern forming.

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3 months ago
Comment: This descending channel has changed itself but not too much break up the trend line will give signal that its changing it completely. Short still in favour i am holding my short from trend line stop outside the trend. linehttps://www.tradingview.com/x/YO7YURjr/.
3 months ago
Comment:
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3 months ago
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2 months ago
Comment: Details on the chart

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2 months ago
Comment: So far so good price did not break up and we are still in corrective structure. Bearish impulse on its way. We have two possible formation if i will see trend continuation pattern then i will look for sell and if i will see trend reversal pattern then i will look for buy here is the update.
snapshot
2 months ago
Comment: No early jumping please. wait for the right time.
GBPAUD No early jumping please
2 months ago
Comment: Remember we are going against to the trend so no early jumping please.
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forexyoga PRO
3 months ago
Thank you for clear explanation.
+1 Reply
Wave-Trader TOP forexyoga
3 months ago
Anything else mate if you would like to ask.
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forexyoga PRO Wave-Trader
3 months ago
can you give us more example on five wave structure with explanations?
+1 Reply
Wave-Trader TOP forexyoga
3 months ago
I hope this will help mate.

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+1 Reply
Wave-Trader TOP Wave-Trader
3 months ago
ENTRY RULES
+4 Reply
forexyoga PRO
3 months ago
Yes Sir, It is great more than I expected , you are the genius !!!
+1 Reply
Wave-Trader TOP forexyoga
3 months ago
Thanks mate
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Good job, as usual. You even went for the wave-count, this time. :))
Thanks
+1 Reply
sketchmaster PRO sketchmaster
3 months ago
snapshot
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Wave-Trader TOP sketchmaster
3 months ago
Nice mate. Do you think 1.10 is possible?
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sketchmaster PRO Wave-Trader
3 months ago
Yes I do. This is the very basic idea behind it...1W chart...check the 61.8 fibs... :)

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sonu81
3 months ago
nice sir g
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piptamil
3 months ago
Thanks bro..im in when price broke the channel.
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fxfxfx piptamil
3 months ago
in for LONG already?
+1 Reply
Wave-Trader TOP fxfxfx
3 months ago
i am long from bottom mate currently looking for reversal from trend line if does not break down then will hold long if break down then look for sell and will close long.
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fxfxfx Wave-Trader
3 months ago
nice pips Wave!, I was asking @piptamil if he already jumped in for LONG without confirmation
+1 Reply
Wave-Trader TOP fxfxfx
3 months ago
sure
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fxfxfx piptamil
3 months ago
I think this was not a break up, it is still within the channel (the upper line needs a little correction to get it parallel to the lower line). I will look for SHORT at around 1.747 / 1.75 with TP 1.70 / 1.67 (maybe in 2 weeks time).
+1 Reply
fxfxfx fxfxfx
3 months ago
correction: SHORT at around 1.7375
+1 Reply
Wave-Trader TOP fxfxfx
3 months ago
Sell on solid breakdown mate target lows moving on break even.
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fxfxfx Wave-Trader
3 months ago
Yes, exactly. Now you have changed the yellow trendline from the top, in the previous update it was lower and the user "piptamil" saw a break UP there.. that was the reason of my first message directed to him yesterday "in for LONG already?"...
+1 Reply
Wave-Trader TOP fxfxfx
3 months ago
Yellow line has zero value mate. If you dont see pattern and he dont see what pattern is there and how these patterns behave and what are their ranges then you need to understand the patterns not the yellow lines mate. remember yellow lines have zero value on my charts. These lines only tells me what pattern is there nothing else i dont see any change in the pattern pattern is still valid and it can further up if it does not break down with solid move and can break down from top in that case it is still a valid pattern. So yellow lines have zero value.
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fxfxfx Wave-Trader
3 months ago
Mate, please take it easy. Nobody is attacking you, I have zero interest in doing that. I was just trying to tell piptamil that going LONG on that false breakup wasn't the best idea. I am learning here, thanks to you and other traders that share their ideas an knowledge in this site, that's why I follow you, same for all the other users that follow you here and on youtube. If we all knew everything nobody would be following anyone right? Peace bro.. :)
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Wave-Trader TOP fxfxfx
3 months ago
LOL i am down to earth mate no worry. You can criticize mate
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Wave-Trader TOP Wave-Trader
3 months ago
BY doing so people learn i am sorry if you feel bad mate. Keep asking i love to share my friend.
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fxfxfx Wave-Trader
3 months ago
thank you for understanding Wave :) the funny thing is that piptamil never read all this :P
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Wave-Trader TOP fxfxfx
3 months ago
You know why. every time when you comment you click on my reply button you did not click on his reply button thats why he dont know you are commenting on his comments.
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fxfxfx Wave-Trader
3 months ago
the first time I did but he never replied "in for LONG already?"
Reply
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