harrysherman

USDCNH Long Opportunity

Long
FX:USDCNH   U.S. Dollar/Chinese Yuan
USDCNH Long after a test with the upward trendline. Stochastic oscillator indicator shows %K has moved above %D in the lower 20 band, indicating a long opportunity as the currency is currently oversold. Also above the 200 EMA which adds further confluences to the indication.
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