mngFX

mngFX

Price action has been moving within a falling wedge structure which as we know is a reversal structure in nature. We may get another leg down to a double bottom area before price climbs up as we can see a corrective movement after a strong impulse this past week. I will wait to see if price is able to retest the upper boundary of the wedge structure to give a...

mngFX

Price action has been shaping up to see a continuation in momentum as we can see a bullish flag pattern created which as we know indicates more upside is evident. Ensure proper risk management is applied, find an entry and exit that meets your trading plan. Click the LIKE button and FOLLOW me to share more analysis and educational ideas. Thanks Trade Safe

mngFX

EURJPY has been shaping up for a big sell opportunity as we can see price was rising within an ascending channel which impulsively broke downward forming a bearish correction. Double tops have been confirmed indicating more downside is possible. As we see many different target levels that price could test, it may take weeks for this sell to make its way all...

mngFX

Price action is looking bearish as buyers were unable to breakout of the HTF upper boundary, instead creating a strong reversal impulse followed by a continuation correction. To add confluence to this short set up, we can see a H&S pattern with price currently completing the right shoulder. I do expect price to re test January's high, find an entry that meets...

mngFX

Currency correlation is important to understand in forex trading because it could impact your trading results often without you even knowing it. In this post, I will share some information about correlations in forex trading and how you are able to use it to your advantage to avoid unnecessary losses. Throughout my journey as a beginner trader, I have bought or...

mngFX

NZDJPY is looking to continue its growth after a short term retracement retesting the 84.50 level. As you can see price has created multiple higher lows indicating a bearish run may not be likely at this moment. Price impulsively broke out of the upper trendline of a reversal structure surpassing previous highs which we should see further upside after a short...

mngFX

NZDUSD has failed to push any lower as price was moving correctively In a falling wedge structure which we know in nature is considered a reversal pattern. Price created a double bottom and impulsively broke upwards creating a bullish continuation. Looking for more growth as DXY shows weakness. Thanks Trade Safe

mngFX

AUDCHF has been shaping up for another impulse upward as we can see price reacted at the bottom boundary of the HTF breaking out of a reversal structure creating a bullish continuation. Follow your trading plan. Thanks Trade Safe

mngFX

Price action has been shaping up for another push upwards as we see price was moving correctively In a falling wedge structure which we know is a reversal structure in nature. Price made a double double which impulsively broke upward forming a continuation correction which we should see further growth on NZD. Find a entry that meets your trading...

mngFX

NZDCAD has been shaping up for the Impulse phase as we can see on the the HTF price had a strong push upwards now consolidating within a continuation structure. Looking at the LTF, we can see price approached the lower boundary of the HTF in a corrective structure with a strong impulse breakout followed by continuation structure to push price higher. I...

mngFX

EURCAD has been correctively moving within an ascending channel which in nature is considered a reversal structure. Price is moving towards a double top area of interest which I'm monitoring for a short opportunity. Follow your trading plan to find an entry that meets your criteria. Thanks Trade Safe

mngFX

CADJPY had a strong push upwards recently yet started moving correctively which is failing to push any higher. As we know this is indicating a reversal is shaping up, which looking at the lower time frames, price broke out of the reversal structure currently developing a bearish continuation. Look for a sell entry that fits your trading plan. Thanks Trade Safe

mngFX

AUDCAD has been in a downtrend as we can see price impulsively pushed downward which is now in a bearish correctional phase making lower highs but holding the 0.92 level firmly. Looking at areas of interest, I would like to see price break upwards and complete a larger correction as we add other bearish confluences like a double top and a 3rd touch on primary...

mngFX

USDCAD has been moving upwards within the last week which has shown strong signs of possibility further growth towards an area of interest or looking at it from a impulse/correction view, we can see a price created multiple swing highs/lows on a bearish correctional phase indicating the next bearish run is possible. Find an entry that meets your trading...

mngFX

AUDNZD has been shaping up for a short opportunity as we can see price has created a double top and price has failed to push any higher. Price has been moving correctively in a reversal wedge pattern which we should expect a Breakout followed by a lower time frame correction to valid a sell entry. Trade Safe Thanks

mngFX

Price action is shaping up for another impulse up as sellers failed to push any lower creating a double bottom and a reversal impulse with price currently within a continuation correction. Look for a buy opportunity within the up coming week. Share your opinion by leaving a comment! Thanks Trade Safe

mngFX

Price action is shaping up for an bullish run as sellers failed to push any lower at the bottom of a HTF expanding structure, creating a reversal impulse followed by continuation. I expect more growth on this pair, we can potentially see price make its way back up to upper boundary of channel, mid 1.8300 range for a high probability set up. Find an entry that...

mngFX

Price is currently moving within an ascending channel which has potential to move higher to create a 3rd touch of the channel at the physcological level of 1.119 before the bearish run starts. If price is unable to break above 1.0935 then I will look for a short entry to 1.04 range. Follow your trading plan and be patient. Share your opinion on this pair by...