LEONES
Short

USD / Chinese Yuan bearish posture

FX:USDCNH   U.S. Dollar/Chinese Yuan
95 15 1
USD / Chinese Yuan weekly chart - bear flag projecting to 6.11435 support. Look for short opportunities. Probability L (Low)
IvanLabrie PRO
2 years ago
Looks good.
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LEONES PRO IvanLabrie
2 years ago
yes very interesting!
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LEONES PRO IvanLabrie
2 years ago
it's low risk trade, I'll probably trade this one even before the breakout..
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IvanLabrie PRO LEONES
2 years ago
I'd sell if it hits 6.19686 this week.

Your target looks good, I'd aim for 6.11598 with a stop at 6.20731.
It's a shame I can't trade this pair, great setup.

I just spotted this, let me know what you think:

USDGD: Potential strong decline ahead
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IvanLabrie PRO IvanLabrie
2 years ago
(yours is at least an 8:1 trade!)
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LEONES PRO IvanLabrie
2 years ago
I had i look, I'm not sure about this one, it seems a strong bull trend ready to resume
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IvanLabrie PRO LEONES
2 years ago
Trust me, if it breaks down and hits that price this week, it'll fall.
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IvanLabrie PRO IvanLabrie
2 years ago
(usdcnh at least)
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LEONES PRO IvanLabrie
2 years ago
usdcnh is a great pattern - your entry is safe but I'll probably anticipate, looks good to short even now. Above 6.2285 the stop
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IvanLabrie PRO LEONES
2 years ago
I demand that confirmation for entry, in this kind of setup probability is really high with my parameters.
Might work now as well, but I don't have a clear stop loss location before the move begins.
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LEONES PRO IvanLabrie
2 years ago
Acutally I have changed the probability to Low for this study. Not convincing.
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IvanLabrie PRO LEONES
2 years ago
I still think it will fall, but not confirmed until it breaks down like I described above.
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LEONES PRO IvanLabrie
2 years ago
snapshot

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LEONES PRO LEONES
2 years ago
MORE ARTISTIC VIEW BUT but this ia a possible way up on the USD / Chinese Yuan,
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IvanLabrie PRO LEONES
2 years ago
Judging by all the other *usd pairs, I think it'll go down before going up again. The chart calls for a completion of that bear flag's target.
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