FX:USDCAD   U.S. Dollar/Canadian Dollar
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Hi Guys , as promised in weekly outlook I am posting those short term trade on USDCAD             and the GBPCAD             (this one will be in the update so that i don't spam the site with too many charts)
This is a nice sell setup with potential for bigger downside.

Trade with care
Thank you for your support.
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
Hei Anil, when do you publish you weekly forecast on Youtube ?
@Cambista, will do later . it's processing.
+1 Reply
Agreed Anil, good luck.
It's a GBP/CAD ;)
+1 Reply
@rbk85, it is......
Agree! Even in a bigger perspective:
USDCAD promising short!
+6 Reply
Hey Anil, thanks for this!

What would it be your SL and TP? I assume the SL would be around the 1.34400 but the TP where would you place it?

@hmoreno, that would depend on your strategy , as you can see some traders are looking at the daily and some on 240 i am looking at 60 so we will all have different entry and stops even we are looking at the same direction.
+2 Reply
MDSADI hmoreno
@hmoreno, I won't be putting the stop loss at previous day high as often time its seen that prices reach that level and reverses back

Its better to have a psychological stop loss and just close it when you feel like

it looks like its on his way to test previous day high, keep your eyes on oil price as well to make an informed decision
@MDSADI, if you are looking for the breakout trade then there is no entry as yet so testing the high before it breaks should not be a problem .
+5 Reply
MDSADI anilmangal
@anilmangal, yes you are right, we dont have any direction yet, we need to wait patiently to see whether we get a up or downside break out and then commit to a entry
hmoreno MDSADI
@MDSADI, @anilmangal thank you for your comments guys!
I agree.
The breakout lol
+2 Reply
cemfx PRO adosolace
@adosolace, 100 pip fakeout
+1 Reply
@cemfx, nice brakeout.... nothing fake about it :))) I trade always the opposite direction than anil says and I am very successful with that. When he says - buy , I sell and opposite :) try it ... works to 78% until
+4 Reply
anilmangal PRO JovanVeskovic
@JovanVeskovic, how about you show us your trade setup? so we can all make money
+11 Reply
JovanVeskovic anilmangal
@anilmangal, I blew away until today around 60 accounts ( at least cent accounts) away:) , so I am not a person who could give advices. I did the last few trades in the opposite direction and they were great because I realized in the past it goes very often first in the opposite direction:) and than in "your" direction. My trade set up looks like this: I receive an email with your advice and I buy / sell immediately after that. So I have no idea about technical analysis , waves and so on. I don't even know how to create a trade setup :)
t703623 JovanVeskovic
@JovanVeskovic, That is the most unexpected answer :-)
But your logic is valid in that case.
The trend shifts firts to the very opposite direction of what Anil projected, it then sinks to the bottom after a wave correction in almost horizontal direction.
Anyways, Anil was right as usual. You would have made a good sum if you set the entry below the flag and made sure the take-profit limit was not set too high.
I am glad I can follow the action here.
@t703623, no of course. No doubt that Anil is amazing,otherwise I wouldn't follow him! Still my apologies if I hurt some feelings here and there. I took a nice profit ( percentage wise) from his USDCAD trade set up. I go always few pips in the opposite direction , take profit. Wait for a nice flag for example and follow his advised direction. Most of the trades of anil were great for me and I am thankful!
faris.makki anilmangal
@anilmangal, never feed the troll
aariapoor anilmangal
@JovanVeskovic Anil is just sharing his idea and if you think you are more successful, then sir please make us successful too, why you don't share any idea?
JovanVeskovic aariapoor
@aariapoor, because I am not a good trader at all. Sharing my idea would bring losses and losses and losses ...
@anilmangal, i like your SAVAGE style
Great that I don't understand the waves :) still long .... soon I am out .... than short ....
alextovy JovanVeskovic
Well looks like we need a moderator here, anyways looks to me like Anilmangal is a Top trader with a reputation and a lot of ideas, I've been following his way to trade and i guess everyone can have their own, on the other hand Jovan theres an old saying that says: if you dont have anything good to say you better dont say it. you havent share any ideas yet and if you have a good one please share it, so we can see your expertise.
The market is 1 and i do really appreciate tradingview site, and as part of this great community i really invite everyone to share their ideas.
t703623 alextovy
@alextovy, No doubt, Anil is numbero uno #1.
However, our friend @JovanVeskovic was right about that particular chart.
I think it is fascinating to see such honest comments.
All the best and profitable trading.
@t703623, everyone is 100% right hind sight, show me your trade before it happens or ...
t703623 anilmangal
@anilmangal, Well, I have just started trading Forex seriously and my trade plans would not be beneficial to you as I am taking minimum risk and doing a lot of trials and tests. Besides, I do not trade with the same account size or spreads as you do. But I am seriously looking at trade-automation given my programming background.

We are in different leagues.

I normally invest in stocks and warrants. If you want any advice on those mentioned instruments, please let me know.

The purpose of the comment-functionality on this site is to share thoughts and follow ideas.
From time to time you might see comments you don't fancy.

Actually, I was planning to participate in your class and got a quote from you via Skype.
But I am not sure anymore give your temperament.

No one can be right 100% of the time.

Stay healthy.
Peace out.
Thank so much!!!
Is the correction over and is it the new impulse up now, or is this still the expanding flat? I'm confused.
Thank you Anil
last changed pattern, seems aggressive moving to the upside....me keep watching it ! wait for a flag !!!!
Fundamentals say DON'T SELL USD...
+1 Reply
Moving amazing together with Oil. Safe trades

USOil phenomal trade
+1 Reply
Hi Anil, things seems to have changed on that chart
it is at a very strong monthly and weekly resitence right now could drop now ..thansk for the analisys
we can sell now ?
MacGuy93 sha2labaz
@sha2labaz, bearish impulse, forming a flag. id say its good to sell setup. but could reverse. i'm in from the top so i might add half a position size when the correction matures a bit more, lower my risk.
sha2labaz MacGuy93
@MacGuy93, great . i will . thanks
Update. Anailmangal
Thanks anil sir
Please any updates Sir !!! need so much ur thoughts !!!THanks
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