TraderSNFElvin

USDCNH LONG Flag pattern

Long
FX:USDCNH   U.S. Dollar/Chinese Yuan
Here are few points i am looking for this trade
1. Inverted head and shoulder pattern is formed
2. Price start to consolidate into the major resistant level (neckline)
3. Rising support in when price consolidating (buyer taking control )
4.Nice flag pattern for us to trade /weak pattern
5.We need to see a strong bull bar to entry this trade (momemtum bar)
6. Target (2 times flag pole )

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