PontusTrader

USDCNH on two resistance trends coalescing

Short
FX:USDCNH   U.S. Dollar/Chinese Yuan
Two strong resistances are coalescing together, unlikely price will succeed pushing higher here especially with DXY losing steam as well. We have what appears to be two pennants, one pennant in another.

Stop loss should be somewhere around those upper wicks on previous candles.
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