Bullish on USDCNY Long

U.S. DOLLAR / CHINESE YUANICE

Description

⋅ Dec 22, 2020 2:43 AM

US Dollar to Chinese Yuan (USDCNY) is showing bullish divergence on the daily chart. I am looking at a Long with the initial target of 6.59 from here.

Trade closed: stop reached

⋅ Jan 6, 2021 2:09 AM

With the 4 Jan fall of the USDCNY, this trade is invalidated and the stop level reached. Long only on breach of this candle's high of 6.5266.