Price has reached a long term key zone. It has bounced back with a sharp impulsive move and it's now consolidating. A breakout above this corrective structure will signal a very good buy setup.
Nice one! I had the same idea, no anils school needed ;) Keep on going!
Fxprotrader
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Thank you for your first comment. But don't need to say about mr Mangal in this post. I have watched his webinars on youtube and he is a master on wave theory. He knows his stuff. He sounds like a very good guy too. So if you can afford his training and you like his style (not trying to promote) you could take his course. Have a nice trading week..!
reicharc
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I also watch his webinars and follow his ideas! He is very good indeed :D
jumpot.sa
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Wow... Thank you for your idea.
Fxprotrader
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You are welcome..!
ElPatron.Y
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Did you see the price is trapped in the monthly ema's and is finding support on the weekly channel?
Fxprotrader
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No because i don't use ema's.. Can you post a chart?
BLUE43
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buy the breakout, its more the anils school ?
Fxprotrader
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Well, I have not taken Anil's course so i don't know how exactly he trades the markets. Besides that he has never shown public his entry strategy and how he manages his trades. But if you watch his webinars on youtube you may easily understand that this guy has done tons of research on wavtheory and he knows reading the structure of any chart like few around.