USDCNH is giving us a nice opportunity. Lets check it out:
- The pair has been doing a series of higher highs and higher lows so we expect the trend to continue
- We can see how the pair bounced from the yesterday forming a big candle
- The pair is above all moving averages
- Trend Meter and Didi Index are
- Smart money is still interested in this pair as we see in our first indicator
I expect the pair to retrace to the weak and continue higher from there. If that support is broken that will probably mean that the pair is entering a consolidation/reversal period and the trade will be invalidated. As you can see this trade is super interesting from a Risk to Reward ratio.
Just a couple things to be reminded of :
- I use other indicators to confirm my trades that I am not sharing in the graph as I have a maximum of 5 per graph so I take the most relevant ones
- You will see no Take Profit and no Stop Loss in my charts because I use an algorithm that does that for me
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