USDCNH 1D TF
It has Finally broken out of the triangle after completing the 5 waves and we can now take a short entry!
It has made a reverse hammer as well suggesting bearishness
Wait for one more day if you want to avoid getting caught in fake breakout
The TGT can be set at the previous consolidation zone
And SL at the previous support
RR-4.7
Possible Pips-0.09
USDCNH 1 H TF
Contracting Triangle can be seen,
USDCNH is at final wave and a move is to be made , It should reach E,
A bullish MACD Crossover is also seen!
Entry can be taken now,
With SL at previous Low ,SL 1, aggressive SL but should be enough
First target of TGT 1, if reversal is seen then exit however If not then scenario 1 can be played out!
If reversal is...
Hello Guys i had find this trade in 4h timeframe which is in good area of value and giving selling opportunity you can sell and put your sl at swing high and target at near support and also please do your own analysis before taking any position if you like my analysis do like share and follow thank you
Om Namah Shivay
Chinnese Yuan could see further weakening,
And then possibly some news will make the
Yuan start for making it stronger with USD
Om Namah Shivay.
It is consolidating on daily timeframe and will fall if the low of the doji is taken out. If that triggers, it should fall at least 50% and the setup has an amazing risk and reward too!
IT and Pharma View: In the middle of results season once IT and Pharma go up; I will short them aggressively. IMF officially gave green signal to Chinese currency Yuan to Foreign Exchange Basket.
US Dollar will mean revert. As usual, The Best impact will be on USDCNH!
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Please use the stop loss strictly. It is an...
The U.S. Dollar vs. the offshore Chinese Renminbi. The Renminbi (CNH) is the designation used when the currency is traded offshore. It often referred as the Yuan and uses the letters CNY when traded inside China. China is the world’s second largest economy behind the U.S. but is the world’s largest exporter.
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