Noldo
Long

USDCNH Bullish Wedge with Long Setup

OANDA:USDCNH   USD/CNH
The Bullish Falling Wedge in the USDCNH pair has broken upwards, but in the overbought Long Signal.
Therefore, in order not to forget, I think the stop level should be kept a little wide.
Coronavirus is among the conditions that adversely affect the currency.

I hope this situation is taken in the name of control without further threatening the health of people.

This analysis may be more risk-free under the following parameters:

  • Risk/Reward Ratio : 1.32
  • Position Size < %1
  • Stop-Loss : 6.93151
  • Goal : 7.0551

Regards.
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