FOREXEL

USDCHN - get ready for a breakout soon

Long
FX:USDCNH   U.S. Dollar/Chinese Yuan
2
Get ready for a breakout. It has failed a few times in the recent past but the USD has more going for it this time around.

NB. Go long and trade safely only after a retest of the breakout. A Fakeout will take out both the first immediate support level and the 2nd one - so do not place a too tight of a Stop loss
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.