aibek

USDCNH: Head And Shoulders pattern is in the making

Short
aibek Updated   
FX:USDCNH   U.S. Dollar/Chinese Yuan
There is a reversal H'N'S pattern is in the making.
Watch breakdown of the Neckline.
Target is set at the distance of the height subtracted form the Neckline.
Invalidation is above the Head of 7.1959
Comment:
book profit when ready as 6.95 could be a bottom
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.