albert.callisto
Long

USDCNH - Price being compressed for a bullish breakout.

FX:USDCNH   U.S. Dollar/Chinese Yuan
30 0 3
Price is entering a tight area where it will be blocked by a resistive trendline (red) and supported by the oblique black trend which started in summer 2015. The triangle apex is cut in half by a support at 6.5 which is likely to be retested during March. Note that this scenario occured in Oct/Nov with a false breakout signal (a bit far from the apex of the flat bottom triangle with support @ 6.32) that retraced towards its last support before producing the real breakout.
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