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 market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
USDCNH trade ideas
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 consolidation zone
And SL at the previous support
RR-4.7
Possible Pips-0.09
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 however If not then scenario 1 can be played out!
If reversal is seen then take short entry!
Possible pips-0.0033
RR Ratio-3.33
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 you
Chinese Yuan Mean Reversion - IMF InterventionIT 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!
USDCHN Weekend Strategy 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 uptrend and the trend is maybe making higher low only. RIP Chinese Currency