anilmangal
Short

GBPUSD corrective structure

FX:GBPUSD   British Pound/U.S. Dollar
2484 40 148
GBPUSD             is in a B of B corrective structure . I am watching this move down to see if makes the C of B or if it is just a correction in B for one more leg up in B wave. I will be selling all breakout after lower degree consolidation .

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Good looking one.
+2 Reply
anilmangal TOP IvanLabrie
thank you !
+3 Reply
great call Anil, took the sell side last night late and came out with 74 pips and got out. tony m
+1 Reply
well done Tony!
+3 Reply
If that inner TL gets broken, price has one more hurdle: the lower channel thereof. If that gets broken too, for sure, Measured Move Target, AB =CD =1.51642 Great Vision, Anil!
+1 Reply
nice setup
+1 Reply
I'm confused with the B and C's. I'm still learning.. Could you explain please
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will take 6 weeks of intensive training and then a year or so practice ,when do we start?
+4 Reply
aaahmed12 anilmangal
Tomorrow. Please I would be very happy to learn from you. Your expertise is in waves
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aaahmed12 aaahmed12
Lol
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Anil, i think is NZDUSD IS LONG so GBPUSD should be long as well ( usd is weak ) but in your charts on NZDUSD AND GBPUSD are opposite, can you plz clarify ?
+1 Reply
why gbp has to be long if nzd is long? i don't see the connection?
+3 Reply
IvanLabrie PRO anilmangal
GBPUSD can go down or sideways and NZDUSD do whatever it wants to do...Anil is right.
Correlations are hard to track and not that reliable (although knowing about fundamentals can be useful to a certain extent, but the kind of direct relationship to the dollar that this poster presents is too simplistic and simply not real).
My 2 cents.
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glaxo anilmangal
I mean correlation. If USD is strong so that all others will be weak in the pairs. NUZUSD WILL BE DOWN EURUSD, GBPUSD all will be down, I hope that u got me. I mean correlation
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can the usd be weak and gbp weaker?
+5 Reply
excellent acatch anil ,,, already close my sell waiting for correction then i will ride the free fall with you

thanks boss
+1 Reply
Anil. I have just bought the GBPUSD on 60 and other related pairs - The USDollar 60 min is making a sell right now. These are not long term trades.
+1 Reply
Nice Setup :)
+1 Reply
You are really, experienced
+1 Reply
really good charting
+1 Reply
great analysis Anil!!
+1 Reply
Well Anil, the Buy trade I entered on with the GBPUSD 60 min, never moved really, so I closed it. The daily long is exhausted. seems it just wants to go down.
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Nice Anil, with studying your Trading style I see Impulses and Corrections over and over...
Closed my Long Position and went Shot :-)
Thanks a lot!
snapshot
+4 Reply
It the best compliment I can get, when traders learn from what I do !! Good work, I hope all traders will do the same, try to learn, from what's been share rather than ask for signals!!
+10 Reply
P_Parker anilmangal
Yes, that is excaclty the Keystone: Learning from the BEST but trading on your OWN!
Have a nice Day :-)
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IvanLabrie PRO anilmangal
Great stuff indeed. Seems like this move is an ABC down, but it ultimately doesn't matter if you trade in the direction of the impulses like Anil proposes.
+1 Reply
I need a good Elliot Wave book and/or tutorials. Please, any recommendation?
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anilmangal TOP PipUnicorn
You take my course my training course! Skype me : mangal457
+3 Reply
pippo anilmangal
Great course, that's about one month long. Learned a lot, I recommend it. Thanks Anil.
+3 Reply
Yes Anil was watching this and sold @ 1.5784 so we are gathering some pips and still going, also ga and gc in pos.
+1 Reply
Forecast was right on! Now "watch for break and consolidation to sell again".... thanks.
+1 Reply
an honest question: how come Anils posts does not make it to the "Suggested Posts" board? !!! I think he should get more exposure for the benefit of every one
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anilmangal TOP NidalDarawsheh
I have asked that my chart not be put in that category, since it is done by moderators and I believe it's bias and not objective. I don't like the idea of a single trader on this site deciding which or whose chart should be suggested and which should not ! LET ALL THE TRADERS DO SO. I am very happy with the support i get from traders who like and comment on my charts. I post to help traders so if anyone made a good trade because my chart helped him i am happy.
+10 Reply
Looks like another break
+1 Reply
yes,but wait for consolidation before sell if you are not in as yet. ! if you in with 220+ pips congrats ! keep it
+5 Reply
moorekapital anilmangal
TV Celebrity! Just Admire The Sheer Numbers That Troupe To Your Posts. Congrats!
+2 Reply
Awesome
+1 Reply
can i sell @1.5470 till i.5200 tp?
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anilmangal TOP FOREXACCOUNTMANAGER
Wait for a consolidation after this impulsive move down, then sell the break out of the consolidation.
+8 Reply
I'm at 225 pips and counting. Safe to say that any doubts I may have had about Elliott wave are history. Thank you very much Anil!
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