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mngFX

CADCHF, SHORT

Short
CAD/CHF (OANDA:CADCHF)  
mngFX  
OANDA:CADCHF   CAD/CHF
Multiple Time Frame Analysis Parallel Channel Beyond Technical Analysis trendanalyisis beyondtechnicalanalysis fundamentalanalsysis riskmanagment Descending Channel impulseandcorrection multitimeframeanalysis
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mtfa parallelchannel beyondta trendanalyisis beyondtechnicalanalysis fundamentalanalsysis riskmanagment descendingchannel impulseandcorrection multitimeframeanalysis
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
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