USDCNH waiting for the rally

Short

U.S. Dollar / Offshore Chinese Yuan (FOREXCOM:USDCNH)

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

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.