anilmangal
Long

GBPUSD corrective structure

FX:GBPUSD   British Pound/U.S. Dollar
9107 20 244
2 months ago
Hi Guys, the GBPUSD             seems to have completed an abc correction after a sharp up impulse. I am expecting one more up impulse. If it breaks out of the correction and makes a lower degree correction I will be looking for buy setup.
I will post updates on lower time frame.
PLEASE TAKE NOTE THAT THIS IS MY ANALYSIS BASED ON WAVE STRUCTURE. IT IS NOT A TRADE CALL.
You will have to take any trade based on your strategy and plan. If you don't have any, then you should stop trading and try getting more knowledge before you risk your hard earn cash.

Trade with care
Thank you for support.
2 months ago
Comment: Ok Guys the up move looks like it's completed so now we have an abc correction so the down move could start now. Wait for a correction then sell.
snapshot
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chikiran
2 months ago
"If you don't have any, then you should stop trading and try getting more knowledge before you risk your hard earn cash."
Very good line Anil ji!
Thank you for all the information you are shared and sharing.
Reply
sniperking
2 months ago
upward impulse made by a down candle?
+1 Reply
anilmangal TOP sniperking
2 months ago
If the colour of the candle is preventing you from seeing the structure, change it to line chart.
+3 Reply
Kumail anilmangal
2 months ago
Not arguing with you - just curious! When changing to a line chart, the long wick disappears completely. Hence, for what reason would you suggest that your arrow indicates an impulse on this line chart?

For the record, I liked the part in one of you webinars where you said something along the lines of "if your strategy is based only on one 'type' of chart, e.g. bars and if you change it to a line chart, and your strategy disappears as well, then how can that be a valid strategy."

Don't remember the exact words, but I liked the comment!
Reply
ChrisDoc
2 months ago
bear in mind the BOE are currently getting a grilling from the house of lords
Currently watching it live
Reply
ChrisDoc ChrisDoc
2 months ago
PS thanks for sharing all you do
Reply
Pacorretaco
2 months ago
Nice one, Anil

By the way, I think USDCAD is at a critical point

Keep up the awesome work, and don't let anybody change your personality!
Reply
customer PRO
2 months ago
thanks for the insight
Reply
Forexer11
2 months ago
thank you
Reply
AdnanKhan
2 months ago
waiting for breakout :)
Reply
chrisvos
2 months ago
snapshot


Hopes it will go! nice Anil
Reply
SUNJUPMER PRO
2 months ago
what i can i say, you did it again brilliantly dear Anil !
Reply
DennisPTran07
2 months ago
Gosh you are prob one of the best traders out there. Thank you for spreading your knowledge.
Reply
RezaD
2 months ago
Its completing the sub wave number 4 of wave C. We will see another uptrend to complete sub wave 5 which will finish at level 1/2626. Then the main wave 5 can start from that level and go down down down.
Reply
mette
2 months ago
Hello Anil,
What is your suggestion for pullback point to sell?
Thank you!
Mete
Reply
TheTrader966 mette
2 months ago
i believe it is dropping right now. waiting for confirmation
+1 Reply
bossieken
2 months ago
Nice one! I believe correction has passed now?

Ready to enter...
+1 Reply
thegeneral1 PRO bossieken
2 months ago
What's the target for this trade anil
+2 Reply
Fox_
2 months ago
Sir in 15 min chart it's seem like 12345 wave pattern is going to complete in GBPUSD if it's go down from this level sir any Update ?
Reply
Fox_
2 months ago
@anilmangal sir Update ?
Reply
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