anilmangal

NZDUSD still in the down trend.

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
10601 52 222
This up move on the NZDUSD             still looks like a corrective structure. Unless it breaks the down trend and consolidate I will be expecting one more down impulse.
Comment: This is a daily chart so any change will be a daily consolidation out of the trend, not just a candle or wick out of the trend .
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That's mean, downtrend still continues strongly?
+1 Reply
anilmangal TOP mehmete53307683
only if it breaks the correction.
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Could break the upper channel (also trough the MA200) and make a new little channel.Price long 0.72352 (upper (new)channel TL).....Good luck Anil...
+3 Reply
anilmangal TOP johan.verm
Possible
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Happy holidays
+1 Reply
johan.verm johan.verm
it could bounce the MA200 and go short...Wait and see said the blind man... :-)
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anilmangal TOP johan.verm
I don't MA's but thanks for sharing
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anilmangal TOP anilmangal
I don't use**
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Paul-FXTC PRO anilmangal
jejej
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Why u divergent the macd histogram?
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johan.verm muhrenfrancis.abong
Why not.....
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u should not
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Thanks Anil
+1 Reply
Thank you .
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2sexy 2sexy
Here's the update. Taking a short on it.
snapshot



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Thank you for sharing
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TRIANGLE BREAK OUT AHEAD
agree
+2 Reply
anilmangal TOP Mughal2657
Thanks for sharing
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Looking for wave 5 too. Also USD looks like it could break out this week or very soon.
+1 Reply
Let's wait and see
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Wauw awesome view Anil!
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anilmangal TOP Yahia.Awes
Thanks
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Interesting views on here
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any update Anil? thanks
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FawadJawed mabforex
Hope we see downtrend in it coming soon
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anilmangal TOP FawadJawed
Hope is not a good strategy, wait for it to prove on or the other then enter the trade.
+2 Reply
FawadJawed anilmangal
Nice 1 .. but i can see nothing but the downtrend coming soon it.. touched the daily resistance n soon bulls are going to tire (Y)
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shilox FawadJawed
Very true.
Even if the daily resistance doesn't hold it I don't fee it going past 0.68800.
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Alandalos anilmangal
Thanks anilmangal where you think the TP and SL
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You are asking for TP and SL so I assume you know the Entry? If you know where to enter the trade based on a strategy you are using then you should also know where the SL and TP should be based on the same strategy?
+1 Reply
Alandalos anilmangal
Cool
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thanks Anil
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Do you think price could correct a zigzag before going down Anil? Bellow is my count on 1W chart
snapshot
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not necessarily a zig zag but yes it could break the trend and then reverse, that is why I am not looking for buy setup unless it consolidate out side the trend line.
+1 Reply
URIFX anilmangal
Thank Anil! Do you always use correction to confirm the next impulse? I don't strictly follow this rule and failed! :)
+2 Reply
:)
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URIFX anilmangal
Thanks for your Youtube link! I know the answer there! :)
+2 Reply
Is it considered to have broken the top resistance ?
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not on a daily chart.
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AGREED!
NZDUSD: MY KEY TRADE ZONES
+1 Reply
anilmangal TOP moorekapital
Thanks for sharing
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is it still short ?
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yep I too believe that it is a great short according to harmonic patterns. Take a look at this graph
Very Nice short here in Nzd-usd! Butterfly and Bat Pattern!
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Im already selling!

NZDUSD Short I
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Does this mean gbp nzd is buy ìf nzd usd breakout consolidates and falls again?
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Thanks!
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I assume there was a breakout now. It is consolidating in the 1hour, I think we can expect that it is going down now.
correct?
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Is it time to sell???
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