anilmangal
Long

GBPUSD still in the corrective structure.

FX:GBPUSD   British Pound/U.S. Dollar
8649 44 185
Buying the breakout for the C wave up is a good idea. Breaking out would confirm the C wave up.
I will post the 4hr update soon .
Comment: The 4hr view
snapshot
Comment: GBPUSD made a lower low . There was no consolidation and break out . I would be posting updates if i see a trade setup.
Comment: What i am waiting for.
snapshot
Comment: THE POWER OF THE WAVES
BTW where is the troll who said GU will die?
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
triggered long at 1.5000 yesterday!
+1 Reply
KVE colinsheen
Same here, targeting 1.5800...
Good luck to you!
+1 Reply
good luck to you too mate!
Reply
What is your stop loss, I am also holding long
Reply
Gbprider deekayusa
close it gbp will fall more this setup not valid
Reply
lol i am targeting 1.48 more
Reply
KVE Gbprider
What was that you were saying, hope your stop kept you out of trouble...?
Wave power, props to Anil!
Reply
lol .1.58 ? God bless ur account
Reply
hope you have a stop on your sell
+2 Reply
Hi Anil,

I guess there is a bit of downward move still pending.

My point of view.

snapshot
+1 Reply
thank you anil. As a beginner in trading and wave theory i am following you
+1 Reply
HELLO
THANKS ANIL
Reply
It should fall, hit the backside of the counter trendline, then make its way up. (240)
+1 Reply
to me looks like a double bottom first
GBPUSD TO FORM DOUBLE BOTTOM
Reply
i think break below 1.50550 will invalidate the correction
Reply
Yer, I can see this pair going lower. My revised target is now ...Drum roll..!.5020 or 1.4969 (240) :)
+1 Reply
Its going down to hit 1.5020 before going up
+1 Reply
thanks Ithink so
GBPUSD Elliott wave
+3 Reply
Gbprider manijeh.kazemi.33
i am excepting more fall for gbp , bad data , & too adp & nfp will come good
+1 Reply
GBPNZD has been my GO TO money making machine for a couple months now.
GBPUSD however has consistently been anemic in its progress.

lets hope The upcoming news sets it straight and push Sterling the right way, at least until FOMC on the 16th.
Reply
Gbprider tdmpac
Gbp/usd death . all supports are broken , i am selling off from 1.5100
+1 Reply
Well, the GBPUSD did go lower than my posted level.
Still, I'll start to buy it after the test.around 1.4910.
+1 Reply
Amazing analyses, not only up front... but also ongoing. Thank you Anil!
+1 Reply
more to the downside i guess before it shoots
snapshot
+2 Reply
Gbprider NidalDarawsheh
wave theory is very risky , it will ruin the account in no second , better dont follow it simple logic do u think gbp is stronger to rise ? pmi data will be bad & tomorrow nfp will be read . so what next?it will move down more !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Reply
it's probably the trader's trading strategy or poor risk management is risky to his/her account balance. no analysis will be right 100% of time mate.
Reply
No one trades wave theory (such statement show an ignorance of the concept of "wave theory") You should use wave to analyze the chart and make forecast. To trade you need a tested strategy which should be based on the analysis you do. You should also use good money management and good risk management. Ignorance is what will ruin your account.
+9 Reply
Gbprider anilmangal
Agreed . Good money management will survive the Account , but structural wave will be invalid today when gbp pmi data release
Reply
Anil.., Please ignore the Trolls..,
Lot of us agree with your Idea.., and most importantly.., lot of us "Understand" your charts.
We respect your skill set and your work.
+2 Reply
anilmangal PRO VijaySanghishetty
I am optimistic he will learn something :)
+1 Reply
Gbprider anilmangal
lol i am been trading gbp/usd for years as of now, Mark my words today it will move down more my tp 1.4860 tomorrow after nfp gbp/usd total death
Reply
The chart is already telling you what two do in both directions. What are you arguing for? Some people are making effort to prepare a chart and they try to add same value or vision. You may do the same if you seek to add value to these conversations. Sorry Anil, I couldn't keep it...
+3 Reply
KRH bekirdur
First accept then respect the knowledge. One day the knowledge will be yours. I did not know anything about wave counting. I utilized the internet to read, while deeply study Anil’s analyzing. Once he published an idea, I take time and start to study it from monthly chart. I was able to find some of his techniques he uses, which never share publicly. As soon as I see Silver Buy setup this morning, I checked it higher time frame, and found the last leg of C wave, and where it is going to end.
It really is so simple. Now confidence is grown, all I need some experience to apply this knowledge to trade.
Thanks Anil for sharing your experience and knowledge. I think thousand of people quietly take benefit of your thoughts.
+1 Reply
"but structural wave will be invalid today when gbp pmi data release" do you mind explaining what structural wave are you talking about?
+1 Reply
its look like same reading on EURJPY which was 14 days ago well i am also looking for buy on break up with the heavy volume on both pairs GBPUSD and EURJPY and both are on crucial point and specially thanks anil for sharing your experience with us at no cost thanks and cheers
Reply
anilmangal PRO Mughal2657
there is an update on eurjpy
snapshot
+4 Reply
Mughal2657 anilmangal
again thanks for sharing update anil
+1 Reply
Indeed - he is now missing in action it seems?
+1 Reply
love you anil you are a great trader man love you and thanks for sharing got a big move and very very healthy profit thanks love you and thanks for sharing
+1 Reply
Congratulation for this chart Anil. the line is now considered as broken, the new priority is to enter to buy after consolitation...
+1 Reply
anil can you tell me where to enter buy now ?
Reply
hitman2 hitman2
i mean which price is good :)
Reply
any new idea for gbp/usd much appreciated
Reply
Ideas Scripts Chart
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