Hi Guys , the AUDUSD is at the bottom of the up trend. Wait for a flag before any sell. It could still make another high based on the type of structure it's making.
Remember trading is forecasting , you first make a forecast as to the direction of the market then you take a trade in that direction , so if you can't forecast you can't trade.
I've back tested Anil's work and found it ti be highly accurate. It takes thousand of hours to be consistently wrong or right, i wish it was as easy as drawing lines or watching video's. Worse still i could be drawing bats.
Anil is a genuine analyser and a major contributor to Trading View who deserves more credit in comparison to the negative souls on here.
nxtleveltrader
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I may have drawn this wrong, but does this look like a breakout of a flag correction, or could it be part B of a larger correction?
Macncheese
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It seems to me like a breakout.
anilmangal
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yes it just broke out after a small correction.
nxtleveltrader
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Thankyou guys. Would an entry now be sensible enough with a stop above the correction? If not an entry after its broken the daily uptrend correction?
faroeseguy
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Thank you for your good insight, but would this be foolish to think?
Ricardo_Ralon
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looks like we now might have an entry here at the hourly, right?
LukaszMosinski
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Hello Anil, Could you please update this pair? It is relay interesting - I'm observing it quite long time and I'm waiting for the down move.
nahidik
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This pair may have more up before the down. Small area of resistance on the 4 hr but may also go up to create "X" wave
Anil is a genuine analyser and a major contributor to Trading View who deserves more credit in comparison to the negative souls on here.