mngFX

mngFX

Price action is failing to break above a critical area which is showing bearish movement. We can see price has approached a double top level that has been rejected and impulsively pushed downward printing a possible H&S pattern within a larger corrective structure. Looking for a short opportunity to bottom boundary around 103.00 Trade Safe

mngFX Updated 

Hi Traders, EURCAD is trading within a descending channel which we could see another bearish move down near the top boundary of the channel. As BOC raised interest rates another 25 basis points unexpectedly, we can expect more bearish downfall. Thanks Trade Safe **If you felt this post was helpful, hit the LIKE button and FOLLOW me for more ideas**

mngFX

Price action is setting up for sellers to take control as we could see a potential H&S pattern printing within the bear flag structure stsrting from the strong impulse down at the double top range. Wait for bearish confirmation before entering a sell position. Thanks Trade Safe

mngFX

Price action has developed a larger descending channel on the HTF which in nature is considered a reversal pattern. Looking at the LTF we can see price impulsively reversed from the upper boundary moving correctively to retest the top of channel again. Wait to see if we get a bearish confirmation for a sell opportunity. Thanks Trade Safe Share your opinion by...

mngFX

Price action is developing a flat formation which we may see one more leg down before the next impulse phase. We can see a clear uptrend in the HTF which a long opportunity at the bottom of this structure giving is double bottoms would be a good opportunity to buy. Thanks Trade Safe Share your opinion by leaving a comment below.

mngFX

Price action is shifting from a bearish market to a potential bullish one. Price is currently moving within a decending channel which is at a level that has had a strong reaction too previously indicating that we could see the next bullish phase begin. To add confluence to this set up, we could see a H&S pattern which the Right shoulder could be in the beginning...

mngFX

Price has created a strong reversal impulse followed by a developing bearish correction indicating more downside is likely. Wait for bearish confirmation before taking this short opportunity. Thanks Trade Safe ** If you felt this trade waa helpful in any way, hit the LIKE button and FOLLOW me for more educational ideas and analysis **

mngFX

Price action moving within an ascending channel which indicates a reversal is forming. Price could make one more leg up before a making its way to the lower boundary of the channel. Thanks Trade Safe **If you felt this idea was helpful in anyway hit the LIKE button and FOLLOW me for more educational ideas and analysis **

mngFX

Price has correctively pulled back to an area which we saw a strong impulse push downward breaking structure indicating could see a potential reversal occur at this level. If we don't see a bearish confirmation validating a sell, I will look for a different that meets my trading plan. Thanks Trade Safe ** If you felt this idea was helpful in any way, hit the ...

mngFX

Price is correctively moving within an LTF ascending channel within larger reversal structure which we could see a sell opportunity to bottom of HTF channel. If we don't see a bearish confirmation to validate this sell, I will not take this trade. Thanks Trade Safe ** If you felt this idea was helpful in any way, hit the LIKE button and FOLLOW me for more...

mngFX

Price has pulled back to an area of value which we could get a sell opportunity to the rising trendline. If we don't see a bearish confirmation to validate this set up I will wait for a different entry. Thanks Trade Safe **If you felt this was helpful in any way, hit the LIKE button and FOLLOW me for more analysis and educational ideas ** Share your...

mngFX

Price action is shaping up for a bearish run as price was unable to continue the momentum and fell short of a double top level on the HTF. Looking at the lower time frames we can see a potential H&S printing retesting the March high indication more bearish price action is likely. Look for a short to the lower trendline. Thanks Trade Safe ** If you felt this...

mngFX

Price action is in a down trend as we can see on the HTF price is moving within a decending channel. Looking at the LTF we can see a short term sell opportunity as price is potentially completing the right shoulder of a Head & Shoulders pattern which in nature is a bearish indicator. Look for a short entry around the neck line of 0.885 that fits your trading...

mngFX

Price action is shaping up for a sell opportunity as we can see a price is completing a bearish continuation indicating further downside is possible. Competition of this correction is also a 3rd touch on the upper trend line. Find a risk entry or a reduced risk entry that meets your trading plan Thanks Trade Safe **If you felt this was helpful in any way, hit...

mngFX

GBPUSD is correctively moving to a double top range which we could potentially see a short opportunity to the bottom of the larger correction. Wait to see if we get a reversal and bearish confirmation. Thanks Trade Safe **If you found this idea helpful in anyway, hit the LIKE button and FOLLOW me for more analysis and educational ideas** Leave a...

mngFX

Price action has pulled back an area of which we saw a strong impulse breaking downward from a strong structure level. Price has now retraced back to this area which we could see a nice sell opportunity. Wait for bearish price action and find an entry thst meets your trading plan. Thanks Trade Safe **If you found this idea helpful in any way, hit the LIKE ...

mngFX

Price action as been moving correctively towards a double top range which we could see another potential sell opportunity. I will be looking for a 3rd touch on this correction followed by a reversal impulse to validate another sell entry. Thanks Trade Safe ** If you felt this was helpful in any way, hit the LIKE button and FOLLOW me for more analysis and...

mngFX

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