Description
⋅ We currently have a short bias against the USD. And long bias for CNH, NZD, AUS.
With that in mind, USDCNH is currently signalling a good entry.
Technical run-through:
Daily
Price currently being resisted by kumo.
Price resisted by the 50 EMA.
Price at upper BB.
Entry
Both senkou span A & B flat for 1H & 30 mins
Chikou span still at price wait (confirmation when chikou below price for 1H & 30 mins)
Target
Price target 6.23579 (March 2018 lows)
Stop-loss: 6.53902
RR ratio: 4