Tom_Killick

USDCNH-Update: Target Hit, Time To Take Profits? #Forex

FX:USDCNH   U.S. Dollar/Chinese Yuan
31 0 6
Traders,

UPDATE: Price has hit the 3 wave measure move target, is this the ideal time to take profits?. I recommend taking profits here, and waiting for a pullback where there will be a safer level to get into another long position to the upside. Target was hit nicely, and expect the long position to follow shortly, after a small breather from the bears.

Previous analysis: Compelling bullish presence after a bearish correction after a bullish impulse leg. A nice correction to the Fibonacci retracement level offers a fantastic opportunity to long to the upside. Price is strong, engulfing the previous days bear candle, showing continued strength, which will give the necessary momentum for a 3 wave measure move to the highs of the range. I hope you have a tested trading strategy to trade this move.

Thank you for your support.
For more information on joining my private signals group or receiving professional online trading tuition, contact me here, or via email.

Youtube: https://www.youtube.com/channel/UCrKe1mbrc5cAj1BuuQNoyrA?nohtml5=False
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out