MakaveliFX
Short

A potential market high point, bearish momentum stepping in?

FX:USDCNH   U.S. Dollar/Chinese Yuan
23 1 0
A possible market high forming a relatively nice pin bar , however we would like to see this pin converted in a BEOB             , with a strong close below 6.25. PA also has divergence for further confluence.
I like this trade idea, especially with the short term divergence. I too, would also view the first trouble area where you have indicated shown by more than a couple of bar highs and bar lows. Lets hope you get the price action confirmation to get you in.
+1 Reply
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