FX:GBPUSD   British Pound/U.S. Dollar
1609 25 105
The GBPUSD             ia in a correction ,the pattern could be an abc ,which means it will break out on the up move or it's an abcde and one more down move before the up move

Buy the break out or the bottom of the wedge .

Thank you for your support.
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ChetanFX
2 years ago
I see the same wedge but not sure about the counts..
Reply
Without the (d) testing and holding, it's hard to call that pattern as I believe it is a rare one.
Disagree with this one, but have had the pleasure of viewing some of your charts over the last day.. Excellent work! simple and effective. Looking forward to seeing more of your ideas
+1 Reply
anilmangal TOP __SpecialFX__
2 years ago
Thank for sharing your view ,let's see if it's an abc we can but the break out if not i'll be buying from the 50 fib. I don't like to guess what the chart will do ,i look for possible patterns and if they play out i am in if not so be it .
+2 Reply
__SpecialFX__ PRO anilmangal
2 years ago
I've noticed from your charts that you look for a good pattern before entering, regardless of any bias. I really like your style of trading.
I got long based on this
Falling Wedge GBPUSD 1H
And waiting for a break of this
Breakout Levels 1H
to stay in the trade. In the meantime, keeping a close stop loss.
+2 Reply
__SpecialFX__ PRO __SpecialFX__
2 years ago
The channel in that last chart I posted can be drawn a few different ways, so I'm not quite convinced of a breakout yet. I'll now be keeping an eye on your pattern as well now, to determine that it is a full breakout. Thanks Anil
Reply
IvanLabrie PRO
2 years ago
I think more along these lines:

snapshot
+1 Reply
anilmangal TOP IvanLabrie
2 years ago
not clear, are you saying it will only go up from here?
+2 Reply
IvanLabrie PRO anilmangal
2 years ago
Yes, up in a huge C wave.
Reply
IvanLabrie PRO IvanLabrie
2 years ago
Almost retraced the entire ending diagonal, one more bar, and wave 1 is done...in 0.382 of the time it took for it to form.
Then we have clear 5 waves before it, I say ABC 2.
+1 Reply
anilmangal TOP IvanLabrie
2 years ago
Thanks
+2 Reply
IvanLabrie PRO IvanLabrie
2 years ago
snapshot
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moneymaking
2 years ago
Hey Anil, how you doing mate? Great outlook by the way. I'll be looking to go long near the bottom of the wedge. All the BEST to you :)
Reply
pippo
2 years ago
is it an expanding triangle?
+1 Reply
hintonlynch PRO
2 years ago
My view, I agree with the bull move but it already rejected the 4hr 61.8. Don't think it will go as low as your 'e' wave
snapshot
+1 Reply
hintonlynch PRO hintonlynch
2 years ago
snapshot
+1 Reply
anilmangal TOP hintonlynch
2 years ago
Thanks for sharing
+1 Reply
anilmangal TOP
2 years ago
amazing how market structure work !
+1 Reply
anilmangal TOP
2 years ago
OK maybe it's not a wedge ,looks more like an wxyxz let's see in any case buy the break out
snapshot
short term sell if it makes a bear flag
+2 Reply
pippo anilmangal
2 years ago
how to put a like on this chart?
+2 Reply
MohammedSolaiman
2 years ago
lets see what will happen
if we have (e) wave then we will have nice long setup
thanks again Anil
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Scientist
2 years ago
perfect
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anilmangal TOP
2 years ago
SO it still looks like a wedge ,now more convincing
snapshot
+5 Reply
__SpecialFX__ PRO anilmangal
2 years ago
Perfect hold of (d)
+1 Reply
Khayirov
2 years ago
Cool signal! Straight to the point! I gained thanks to your signal!
Reply
what is it at the last?
Reply
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