FX:USDCAD   U.S. Dollar/Canadian Dollar
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The USDCAD             seems to be making an ending diagonal structure, if this proves correct then I am expecting a huge don move on the break of the structure. Will be keeping an eye on this one ,
Divergence in play.

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Comment: Thanks Guys for all the nice comments , remember you can also post your view in the comment ,even if it differs for mine ,
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Comment: This structure has been broken so this is how i see it now .
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nice one great analysis
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anilmangal TOP uoevictory
Thanks
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thanks anil also looking at this pair
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anilmangal TOP Mughal2657
ok, let's see
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nice man.. i ve been trading that horrible sideways channel for a long time.. now.. it's about time things start to move there :)
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anilmangal TOP wonkytonkydonky
broke the pattern so let's see if it consolidates or reverse
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what you think about the wolvewave pattern? ..
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Keeping an eye on it,, Thanks Anil, Informative as always :)
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thanks anil
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Hi mate., looking handsome in new look.., :-)
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Great job! I think its wave 5 from wave (V) bigger pattern
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Alarm set on trendline, will be monitoring, thanks for sharing :)
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Great one Anil.
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Yes Anil, I noticed the Impulsive move.
Waiting to sell now.
Oohh, did I just see a U-Tube Video????
Had I known, I could/would have watched over It over the weekend.

Thank You Anil :-)
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you can share it too, I will re do the ones I did on S&R, Pin bars, MA ect. and post them .
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it looks like inner channel would be broken as price is pushing upside
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Absolutely agree! 33 area for oil will be the area USDCAD will and should drop.
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Yahia.Awes Yahia.Awes
This was my view more than a month ago, have to reconsider it after this week.
USDCAD buy end of the week or begin next week.
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Mughal2657 Yahia.Awes
inner channel gone
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Anilmangal, i will not thank you again because i do not like to turn repetitive, but your youtube videos are amazing, specialy that last one about advanced patterns. Cheers!! My next step should be an investment in your training sessions :-)
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anilmangal TOP Trading_Jazz
Thank you, please share it .
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short usdcad
. Always on point
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if the oil bounce from here, usdcad will be bounce too!
bounce of oil?
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yes you are wright and fully agree looking on both sides and thank you for sharing
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Hi Anil, I have a slightly different labelling but the essence is the same. I expect a very sizeable reversal in CAD (similar in Crude). There is a large reversal channel in CAD, and I expect we are going to bounce off somewhere at 1.3640.

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Yes anil i know you don't like advance patterns but i just like to share my idea in yours and I am sorry for that if it made any disturbance
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anilmangal TOP pyramids_Forex
You are welcome to share your idea anytime, even if i disagree with it I will fight for you to have the right to post it . It's not that i don't like advance patterns,it's just that they are often been missed used and for, me understanding wave structure gives much more details in the pattern rather than a simple 3 wave correction. You are expecting the C wave to go to the 886 fib while I am looking at a possible Ending Diagonal structure. If this structure proves it's self then you will not get the C wave at the 886 and thus your pattern will not work.
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pyramids_Forex pyramids_Forex
I am still holding long
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pyramids_Forex pyramids_Forex
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Hi Anil,
you are consistently spot on, great job
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for the moment
price broke up
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+3 Reply
Very nice thank you Anil. Sir how about AUDJPY any update? thanks.
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anilmangal TOP dexstriker27
update posted in the Aj chart i posted a while back
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anilmangal TOP anilmangal
AUDJPY wave pattern made simple
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dexstriker27 anilmangal
Thank you very much sir. God bless you.
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wealthgrail anilmangal
Nice one. How do we enter for now ? Will there be a retracement to point C @ 90.5 or do I just have to take a market order now ?
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rgt PRO anilmangal
Hi Anil, what is your opinion on the current scenario?
Thanks
Regards
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inner channel has been crashed and there is no support on oil before $33 looks like outer channel would also be crashed
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Traders might want to wait for the interest rate decision in ruffly a weeks time but keep in mind the fundamental viewpoint:
http://www.zerohedge.com/news/2015-12-08/why-20-oil-possibility
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Just wanted to stop by and say great job Anil, 100% agree with USDCAD.
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excellent chart man! same view! ;-)
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NIce Doji on daily chart...setting-up a sell-stop order ;)
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can someone advice whether I should short this pair? and whats best entry?
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i think there are series of pin bars which shows to me bullish trend continuation
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Mughal2657 Mughal2657
i hope anil will give us update on it
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SGTR Mughal2657
Looking at the weekly MACD still showing bullish, but if the pairs goes up 1.3660 there is possibty to short it
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if you go on 4hrs chart you can see bullish pin bars which shows to me big upward move is there on the door but let see
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I think this could be form
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This pair is really heading to 1.37? hunting all the shorts?
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Hello Anil. When would you expect the break down? Next week or could that be in January? Thank you...
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is this still ending diagonal or?
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Mughal2657 trader515
man that ending diagonal has gone this is a third abcd formation
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trader515 Mughal2657
thanks mughal,obviously at least 1.40 is on the way
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Mughal2657 trader515
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please this just my assumptions i took this trade at $1.28500 so far so good and i believe we gonna see $ 1.40 in coming days and anil bro i am very sorry if it causes any problem for any body these are just my assumptions i might be wrong.
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Ending Diagonal's are not my finest moments in trading Anil, because they take such a long time to end.
I have the daily level to go short, which, If it works out, Will be of great comfort. Approx 1.3828. for a fall of 700 pips.
Lets wait and see..
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If anyone would like to make comments and offer an alternate view to my last post, then please feel free.
It's good to put your trading though's down as we can learn that way. We are after all a community. Right ??
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as i have already post my thoughts there i think we should not play on short side until we see a clear sign of rejection from resistance and the first resistance comes at 1.3900 it is not safe to play against the trend and the trend is very clear to upside as i was expecting this move on 4hrs chart because there were couple of bullish pin bars which was showing clear bullish trend continuation
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Cazzie Mughal2657
Yes Mughal2657, you did post your thought's and I do realise we are already a community.
The level I mentioned was my view which I stick by. Only time will tell when the market declares itself.
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i understand that level mate price can throw over into the channel again from that level we have to wait and see
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Mughal2657 Mughal2657
mostly ending diagonal throw over into the channel back we have to wait and see
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Hi Anil, upper trandline is supposed to be broken.
Does it mean that structure changed?

Thanks
Regards
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Mughal2657 pyramids_Forex
wait for throw over it is possible price can throw over into the channel again
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pyramids_Forex Mughal2657
It over 2 channel for now
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Mughal2657 pyramids_Forex
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Mughal2657 Mughal2657
these are just my assumption please if it is confusing any one i say sorry to them in advance these assumptions are just for knowledge which i have and i want to share with you guys i might be wrong.
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rgt PRO Mughal2657
thanks for sharing
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you welcome
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pyramids_Forex Mughal2657
I think it ll only gone to retest the up trend line

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rgt PRO pyramids_Forex
thanks for sharing
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Hi, whats the update here ?.
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thanks for the analysis
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you are welcome
+3 Reply
sidhgenius anilmangal
Any analysis on this pair now...Thanx Anil
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Have a happy and wondrous 2016 Anil.
And Happy NewYear to all Trader's.
+1 Reply
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