After our last 2 call on this pair, we check for another opportunity on USDCNH pair. The market hs moved in lower high lower low pattern and tested 3 times the ema 21 that always rejected the move. Recently the price has retraced till the 0.5 fib level and now is pushing down to test again the weekly support. If the price will manage to break and close below the structure we can look for a nice short order according with our strategy.
––––– Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
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As expected,market bounce on the daily support and retrace to the resistance.