USDCNH is expected to drop to 1st support at 10.67524 where it could potentially react off and up to 1st resistance at 10.74484. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCNH bounced off 7.05036 where it could potentially rise further to 7.10789. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Going short here. A head and shoulders reversal pattern appears to be forming. If it breaks the neck line theres no major support that would stop it until the red zone I marked out. My two target prices are marked by the green X's. A "by the book" a head and shoulders pattern usually breaks down the length of the original head after retesting the neckline. I...
See chart for illustration Lower time frame will be published soon as price action is been monitored
sistance here, got some great R:R, is worth a punt imo . Stop invalidates the setup, potentially looking to long if this trade becomes invalid. Ideally would like to see that gap getting filled. GL
Details on chart. 6.91 first target. Lose small and win big cheers, Pipdified.