ForexTrade

USDCNH

Long
ForexTrade Updated   
FX:USDCNH   U.S. Dollar/Chinese Yuan
5
Price in long term correction and long term I consider to the down side, but at the moment some opportunity for long position can take place if price will close above current negative line. Target to the up side is 6.9130, where is possible to go short for long term.
Comment:
Small consolidation and price broke up, another possibility to go long. Target 6.9480, stop below consolidation. Target for the first position 6.9130 and stop now is below current consolidation.

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