Credit to Anil Mangal for his sense of direction on this pair. Here's how I'll be looking for my first entry. If the top of the flag pink flag is broken, this move becomes impulsive and I may look for a buy entry instead.
Given the small risk to reward of a short at the current level to re-test the green line, plus the additional possibility of the orange trendline causing resistance or causing another corrective flag to form, I'm not interested in this sell.
Flag as predicted. Sell opportunity.
Triangle consolidation could be a wave 4 ending diagonal. Wait for triangle break
I was looking at Mr. Anil Mangal's Facebook page when I saw his analysis on the USDCHF since 2000. The uptrend is looking clear and we can expect a rise in the next months/years of thousands of pips. Would it be a good longterm investment ? I think so.
Reliance capital breakout triangle in coming days. Which wave will support it, the MODI WAVE(because in history it was modi wave) Anil mangal sir, please provide your wave analysis, thanks in advance!!
USDCHF is giving another great buy setup. DXY is now moving up and that helps this pair to go up. The charting is inspired from webinars of @anilmangal, a great trader everyone should follow.
Sell EURGBP when one hour candle close below 23 fib level stop loss 6 fib level take profit 38 level then 50 fib level then 61 fib level