kfrivaldo

USDCNH waiting for the rally

Short
FOREXCOM:USDCNH   U.S. Dollar / Offshore Chinese Yuan
I checked the USDCNH and the price has drop away from the planned trade. However, the bullish impulse formed in W1 TF is still in tact as it retrace in 38.2 Fib retracement so I see a possible long position if there will be another rally on the upside

Entry 7.08863
TP 7.1895
SL 7.04855