Hello Friends! I hope "USDCNH" will go Long 'Sell' position and touch S1 then some correction. After her correction, it will touch S2 and S. =>USDCNH : Sell {New} => Entry: 6.94010 => Stop Loss: 7.04450 => 1st TP: 6.72027 => 2nd TP:Open => You will try to give an alert when need to close it. ©Learning Forex Are you have any questions, suggestions, or...
Since my last publication on this pair (see link below for reference purposes); price has moved over 500pips in our direction followed by a correction move with the anticipation of a further decline scattered all over the place! As USDCNH risk a further decline in the following week, a retest of my Key level is red flag to watch out for in the following week(s)....
Recent upbeat data from China standing in contrast to the sluggish US statistics, the Bears once again are gradually regaining control as Sellers bombard 6.9900 level, down 0.15% on the last day of last week. With a meagre 45pips since my last publication on this pair (see link below for reference purposes), my Bearish bias still persists as price action has been...
With over 800pips in our direction since my last publication (see link below for reference purposes), it appears that the Chinese Yuan is not reversing any time soon as USD/CNH risks a potential decline to the 6.9500/6.9300 area in the coming week(s). Tendency: Downtrend ( Bearish ) Structure: Harmonic (AB = CD) Observation: i. The fall...
USDCNH has been moving in a horizontal channel since July 2019. It already tested support and resistance 1 time, and now heading down to test support again. Keeping it on my radar to see if the price will hit the bottom of the channel by the end of summer 2020.
The Yuan has been on the rise since the beginning of June 2020 and it does not appear that there will be a "slow-down" in the following week as the Greenback continues to depreciate. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Descending Triangle | Support & Resistance Observation: i. A structure depicted by drawing one trend line that connects a...
HI, TRADERS MY NAME IS KD TODAY I HAVE A GOOD STRATEGY PUBLISH TO ALL OF YOU :) YOU CAN CLOSE YOUR TRADE ANYTIME AFTER YOU SEE PROFIT. THERE IS NO OBLIGATION TO CLOSE AT TARGET TP. RISK MANAGEMENT IS VERY IMPORTANT :) HAPPY TRADING~ _________________________________________________ WANT TO LEARN MORE OR RECEIVE ACCURATE AND IMMEDIATE SIGNAL? Telegram: KDEZ00