FX:GBPUSD   British Pound/U.S. Dollar
11318 54 249
GBPUSD             broke the down trend line ,made an impulsive up move and is now in a corrective structure.
Buying the break out of this structure for another up impulse seems like a good idea.

Trade with care.
Comment:
snapshot
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thanks MR Anil good idea and have good day
+1 Reply
Thank you
+2 Reply
Mr. Anil, thanks to your webinars, I am waiting this break out to buy.
+1 Reply
anilmangal TOP bulent_akgul
nice !!
+3 Reply
thanks for the post! :)
+1 Reply
you are welcome
+2 Reply
Amina66 anilmangal
May I know what is the setting for MACD?
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RaminPeroz Amina66
he uses standard settings...
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what is the TP and SL?
+1 Reply
Based on your strategy is.
+5 Reply
Anil, how do you think GBPJPY has the same structure as GBPUSD?
snapshot
Reply
similar
+4 Reply
Guerrera anilmangal
Thank you! You give me confidence :)
+3 Reply
:)
+4 Reply
Thank you for the update. Amazingly simple.
Reply
Always glad to help.
+2 Reply
Thanks for the great idea! Any idea for an amount to take profit? (I'm only a few months into this!)
Cheers
RD
+1 Reply
anilmangal TOP robdavid1111
depends on if you are position trading or day trading, even if you are a new trader you MUST know what you are going to risk and what you will get. That means you must know where your stop is and where your target is. If you don't have a strategy then in my opinion you should not put money at risk( you can ignore my opinion.)
+4 Reply
Room722 robdavid1111
At least 1.45-1.46 zone (look for the previous lows on Daily in April 2015). Good luck!
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do you think that its better to not set up a buy . It not looks like going up right now

1.4382 rejected ,
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On the lookout! thx!
+1 Reply
Thanks anil .
+1 Reply
anilmangal TOP mahmoodnoori
:)
+1 Reply
i saw nice oppertunity on AUD/USD..for go up..there is nice correction doing right now..and it plenty of room go up.good luck
+1 Reply
All Innnnn, thats Lookksss really Perfect Set Up
+1 Reply
nice!!
+1 Reply
looks like its happening now! any chance you're doing a weekly webinar this week ? thanks for sharing!
+1 Reply
all set to fly... good luck all traders :-)
+1 Reply
anilmangal TOP FawadJawed
:)
+2 Reply
Thanks Anil. I got in in 61% retrachment 1.1490 before hourly TL broken. Was it a valid entry?
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entered for buy. hopefully i will hit the tp. thanks for the analysis anil. really helps a beginner
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anilmangal TOP RIZWAN-TRADINH
:)
+1 Reply
Nice Chart Mr. Anil...great analysis!
+1 Reply
anilmangal TOP OffTheFloorTrader
Thanks
+1 Reply
hi Anil,
i have a problem with the entry, when price break the correctional trend, what's better, we enter a position :
1/ just after the candle close, but what if the price go back the other direction
2/ or we wait the price to retest the trend, but what if the price never retest; we would loose the opportunity
Reply
great chart and insight as always. Thank you anil. more blessing to come for you. :)
+1 Reply
Another great set-up; analysis. thanks again...
+1 Reply
Great call Anil!
+1 Reply
it seems the gbpusd and the usdcad are 2 pairs that move in exactly opposite directions
+1 Reply
thats true.. i noticed the same lol.. also GBPUSD and GBPJPY move in same direction n have similar structures ;-)
+1 Reply
Nice.
+1 Reply
Perfect!!
+1 Reply
Thanks you Mr. Anil for your great setup :) . can i join your webinars next time? . please give me link . thanks in advance
+1 Reply
GBPUSD

I agreed with you Sir, For demand supply trade set up, I also looking to buy at break out.
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Great trade, excellent work Anil.
+1 Reply
Spot on Anil
+1 Reply
First comment say thanks!! :)
+1 Reply
Nice update ANIL it looks going much higher from here.. same is the pattern forming in GBPJPY
+1 Reply
Not yet time to buy, still one more swing low in the next couple of weeks.
+2 Reply
time to buy now
Reply
Its the time to buy nw
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Can some one update on this pair ? Is it consolidation and giving buying chance again or not ? Thanks
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how do you determine where to place your stop on this trade - when you bought the impulse breakout at 1/26 14:00 on your chart?
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