Get started
HouTianTan

USDCNH Short Target 6.7200

Short
U.S. Dollar/Chinese Yuan (FX:USDCNH)  
HouTianTan  
FX:USDCNH   U.S. Dollar/Chinese Yuan
CNH USDCNH USD Triangle Elliott Wave houtiantan short LONG fed
4
0
cnh usdcnh usd triangle elliottwaves houtiantan short long fed
The appreciation of Chinese Yuan against the US Dollars on the 3rd of January to 5th is a strong signal of a longer term strength of the CNH. The Yuan has been in a consolidation state since then, and is now trading near the upper band of the range.

Short the pair using a market order with a stop-loss of 6.8866 with a Profit Target of 6.7200.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.