FX:USDCNH   U.S. Dollar/Chinese Yuan
On the weekly time frame USDCNH had formed a double top pattern, on the completion of the double top pattern there was a confluence of horizontal and diagonal resistance. On the daily time frame the candlestick closed below the uptrend trend line which confirms a breakout and it can be expected that Monday's candlestick appears below the trend line which now acts as resistance level.
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.