USD/CNH - H + S Break + Retest, how much lower?...
- USD/CNH has broken its bearish H + S pattern and is looking to go lower
- Strong level of support seen just below @ ~ 6.9
- Could see a bounce from here
- Equally could go lower to retest recent lows @ ~ 6.85
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
- Strong level of support seen just below @ ~ 6.9
- Could see a bounce from here
- Equally could go lower to retest recent lows @ ~ 6.85
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
Comment:
- Price rejected the neckline resistance once more and is now dropping fast