USDCNH SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARDUSDCNH SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the marke
About US Dollar vs Chinese Yuan
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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Long awaited breakout!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 consolida
USDCNH Quick Trade!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
short side usdcnhHello 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
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The value of the USDCNH pair is quoted as 1 USD per x CNH. For example, if the pair is trading at 1.50, it means it takes 1.5 CNH to buy 1 USD.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade USDCNH right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.