THE POWER OF WAVE ANALYSIS!! This chart did create an uproar when I first posted that I am looking for an up move! So it has made the first impulse up, now it's consolidating, so i'm looking for the next impulse up. Buying the break out is a great idea!!
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60 mins view shows one more down move possible in the corrective structure
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We are still in the correction, maybe be possible short term sell, if i get a setup i will post it .
Hi Anil and other wave traders,
Thanks for the charts.. I am just learning this amazing method after wasting years trying indicators and EA's etc.
Not too sure how the wave counts work on such an up and down chart, but I am looking for a trend or the end of a correction generally.
I was thinking the whole movement up was a correction and am waiting for a break of the shorter trend lines down to go short in resumption of down trend...
Guess it doesn't matter so long as I don't trade until the break out either way!
But please comment on why price will go up... is a spike because of a news release a valid Impulse move?
Thanks for your help with these charts
GoodLuckbabe
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i think this is a valid question that if spikes appear on news release should it be took as a valid impulse. According to my views this is a complicated part for the wave traders
FullTimeTrader
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Great one, the impulse is just starting:
mabforex
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Hi. This trade still valid?
IvanLabrie
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This one looks terrific Anil.
I_see_BTC
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EURJPY looking good. Nice call, Anil
Piet.Hein
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Nice count, thanks!
Victor.Y.F
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Thank you Anil! I just entered Long, I think the retrace is over already. USdollar key lower channel support 12040 is breaking… … This pair has a daily gap today, if we have a daily close above that today. As the huge liquidation of FX market I expect a huge move up.
Thanks for the charts.. I am just learning this amazing method after wasting years trying indicators and EA's etc.
Not too sure how the wave counts work on such an up and down chart, but I am looking for a trend or the end of a correction generally.
I was thinking the whole movement up was a correction and am waiting for a break of the shorter trend lines down to go short in resumption of down trend...
Guess it doesn't matter so long as I don't trade until the break out either way!
But please comment on why price will go up... is a spike because of a news release a valid Impulse move?
Thanks for your help with these charts