Waiting for price to respect our hourly demand and push us further into the premium zone
USDCNH is printing LH , LL. Stop Loss, Entry price and TP'S have been marked.
Short term mean reversion or reversal of the down trend? Time will tell, but for now this is a safe long. Best of luck! Cheers, Ivan Labrie.
Good morning. We have reached the entry point for USDCHN. We invested LONG, as in the graph.
I have initiated a long position on the USDCNH currency pair based on the price touching a demand zone. After carefully analyzing the market, I have identified a significant demand zone where buyers have shown strong interest in the USDCNH pair. This zone indicates a potential reversal in price direction and presents a favorable opportunity for a long trade. It...
↪️The USDCHN pair rebounded from an important level of support on a 4H chart last week. Analyzing the 4-hour timeframe, I observed another indication of a potential bullish movement. In this instance, the pair surpassed and successfully closed above a resistance line formed by a falling wedge pattern, as well as a smaller horizontal resistance level, now...
Hello Everyone 🙋🏽♂️ descending channel pattern 💲 Entry Point : 7.14511 ...
Because dollar is undervalued. China tried her best to make dollar cheap where two opportunities arise. 1. China to buy dollar cheap and keep a lot and sell upon gain 2. Other countries to buy dollar for safe reason. 3. China may try to raly yuan and other countries to use yuan, but there is no logic to do it. 4. It's either you are for or against USD. And...
USDCNH continues on its downtrend after being rejected off previous dynamic support level around 7.16 zone that now serves as resistance. Potential short term rebound to 7.125 (R1) that would be a good entry for short position with a downside target level around 7.062 (S1).
Another good looking play would be the Chinese Yuan. Strictly off of the chart, this would be a good time to look at acquiring the currency for a longer term currency swap.
Great Bearish set up, so far. 0- Monthly shows Bearish Reversing 1- EMA 200 on Weekly shows: Bullish 2- Chart Pattern on Weekly chart shows: Bearish Reversal 3- Stochastic on Weekly chart shows: Oversold 4- EMA, 20, 50, 200 on Daily shows: all Bearish 5- Stochastic on Daily shows: Oversold
USDCNH has formed Rising wedge. Although its not for trade but just a practice to draw a pattern. TP's have been identified
China has been buying it's currencies while it may in the short run increase it's value against dollar, the underlying issue with yuan is the fundamentals of chinese commerce has yet to change. Property investment still not resolved in the case where it is expensive but there is no demand for the number of supply. Failure to pay debts. Aggressive actions...
USDCNH Buying and selling at Support & Resistance because it looks like sideways
Xi was seen toning down his foreign policy hawkishness, perhaps between AI and this we manage to fight back against the potentially inflationary dynamics of #reshoring and #protectionism in America. If so, #globalization remains in place, which was the higher probability outcome, a scare but the status quo remains when it comes to VERY large structures or systems...
Read latest news here I am monitoring the daily chart for a more confirmed bearish signal before establishing a SHORT position. The risk/reward ratio looks very attractive from this price point as the margin to go up higher is not a lot.
catching a small knife move countertrend here starting small will add if we will have another acceleration to the downside