mngFX

mngFX

Hi Traders, EURAUD price action is shaping up for a potential buy opportunity. Looking at the HTF, price broke out of a descending channel following with a continuation correction which price impulsively broke higher creating higher lows but failed to continue any further. Looking at the LTF price made a double top and is currently consolidating which I will be...

mngFX

Hello Traders, Investors turned to safe haven currencies recently as JPY strengthened across the board. Looking at the HTF on CADJPY, we can see that price made a massive push down touching the previous low of 101.6 range creating a double bottom with a reversal impulse. Looking at the LTF, we could see price is currently developing a bullish continuation...

mngFX

Hello Traders, TSX is setting up for another bull run. Looking at the HTF we can see price is moving within a strong reversal structure which price impulsively reversed up breaking out of the upper boundary. On the LTF, price is currently in a correction after breakout indicating further growth. Thanks Trade Safe

mngFX

Hi Traders, DXY is shaping up to see some momentum to gain some ground as we can see price is moving within a reversal structure and impulsively reversed off the bottom boundary of the HTF ascending channel creating continuation correction. On the LTF, we can see price was falling within a smaller wedge structure inside the HTF reversal stucture with a Breakout...

mngFX

Hi Traders, AUDUSD is setting up for the next bearish run as we can see on the HTF, price is continuously making lower highs and lower lows moving within a larger descending channel. Price failed to push higher at 0.705 range, instead created a double top and a strong reversal impulse. On the LTF, price is moving correctively towards the upper boundary of the...

mngFX

Hi Traders, USDCAD is setting up for a sell opportunity. Looking at the HTF we can see that price made an strong impulse push down followed by a bearish correction to indicate another impulse is likely to occur. We can also see a bearish H&S pattern to add confluence to this trade opportunity. Looking on the LTF we can see price failed to push any higher and...

mngFX

Hi Traders, AUDCHF is setting up for the next bearish impulse run as looking on the HTF we can see price impulsively pushed downward and followed by a bearish continuation correction. On the LTF we can see a H&S pattern to indicated a Breakout could happen. Trade Safe Thanks

mngFX

Hi Traders, NZDCAD is at a point of interest to see if we will see bullish momentum or a leg down yet. On the HTF price is at the upper boundary of the strong reversal Descending Channel. On the LTF price impulsively moved upwards expecting a contiuation correction to form for a buy opportunity. Trade Safe Thanks.

mngFX

Hello Traders, GBPCAD is setting up for another push down. Looking at the HTF, price is moving within a falling wedge reversal structure which is struggling to break above 1.566. On the LTF, price is correctively moving within an ascending channel to the upper boundary of the HTF which a reverasal is expected. Only if i get a bearish confirmation will I then be...

mngFX

Hello Traders, Looking on the HTF we can see that the price is approaching the lower boundary of bullish continuation structure which has already made multiple swing highs and swing lows. On the LTF, price is correctively moving within a developing descending channel. I will only be interested in taking this trade if we get a reversal impulse followed by a LTF...

mngFX

Hi Traders, GBPUSD is looking to start a bearish run as we are correctively moving towards the upper boundary of the developing HTF structure. On the LTF we can see price is moving within an ascending channel which i will only be interested in a taking this trade if price makes a reversal impulse breakout followed by a correction. Thanks Trade Safe

mngFX

Hello Traders, USOIL price action is setting up to see a move upwards. Looking the HTF price broke out of a strong reversal Descending Channel. Looking on the LTF we can see that price kept on making higher lows and higher highs then impulsively broke out of the channel. Looking for buy opportunities as soon as this correction after breakout (CAB) is...

mngFX

Hello Traders, GBFCHF has been shaping up for the next impulse. Looking at the HTF we can see that price is consolidating within a bullish continuation structure which also made a double bottom giving us confluence that we should see a reversal soon. On LTF price was moving within a reversal channel that had a strong breakout now following by a correction for...

mngFX

Hello Traders, Looking at the HTF we can see price is moving within a developing Descending channel which a lower low is anticipated with the short term growth of dxy in the next week. If we look at the LTF we can see that the price is correctively moving towards a double top range at top boundary of a smaller channel within the larger structure. Only with...

mngFX

Hi Traders, Indices have been a bear market lately and we have finally have reached a critical point if we will see a breakout upwards another push down. Looking at the HTF price has been consolidating within a falling wedge reversal structure. On the LTF, price broke out of a bullish continuation pattern within the larger structure which seems to be...

mngFX

Hi Traders, JPY has gained some recent strength this past week which may continue its run later on in this upcoming week. Looking at the HTF, price is moving within a rising wedge structure also near a double top range that tells us a reversal is developing. Looking at the LTF, price impulsively broke out of a flag pattern structure creating higher highs and...

mngFX

Hi Traders, CADJPY has taken a drop and if we look on the HTF, price moved up within an ascending channel which made a double top to add bearish confluence that a reversal is coming. On the LTF, price made a smaller correction at top of channel cresting a massive push downward to lower boundary. Wait dor a Breakout followed by correction (4 to 5 candles) to...

mngFX

Hi Traders, Looking at the HTF, price impulsively pushed up from the lower boundary of the descending channel which has currently reached a double top range which price also failed to push higher. On the LTF we can see a bearish H&S pattern along with price moving correctively to retest the top of the structure. If price impulsively breaks upward I will be...