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Adam-
Aug 6, 2017 1:45 AM

Long Idea Long

U.S. Dollar/Chinese YuanFXCM

Description

USDCNH bounced from the support zone and formed a weekly pin bar. We can either place a stop order over the pin bar high or place a limit order at around 50% of the pin bar range while hiding SL below the support zone. Possible upside targets are 6.7950 followed by 6.8450 and 6.9150. This is a potential 3R trade, in my opinion. Remember some Chinese and US Data's are ahead.
"Trading is a game of probabilities not certainties"
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