+ At monthly candle chart we have 0.764 Fibonacci retracement level. This is good for buy signal. + Previous week candle was bullish. This is good for buy signal. + At daily candle timeframe market show us bullish signals at 1 hour timeframe. Idea is wait for one hour candle timeframe closing at the highest point and go with the crowd forward.
This is very likely a one-way move (up) here - as all previous examples would illustrate. Most importantly, this is one of (if not "The") most lopsided FX (and debt, and credit, etc.) positioning currently on the entire Globe! (Everyone and everything is currently Net Short the Dollar vs. the Yuan!) Ergo, as this move gets going (up) it is only likely to gain...
Worth keeping an eye on this. Looking on monthly and weekly timeframes this has plummeted hugely, at some point there will be a correction. It has levelled off recently so there may be an opportunity now. To enter this I would like to see the price rise above the most recent resistance marked with the blue rectangle, if the price then holds here as a support a...
A lot can be expected between the US dollar and the Chinese Yuan in the next coming days / weeks. I think history has the best story to tell and here, I share my overall trends in which the USDCNH has been trading. The U.S. dollar greatly depreciated against the Chinese Yuan and created a pin bar on its all time ascending support I think we could potentially see...
This one is ready to go! Here is the "big picture" view. ... and the 4hr.
The long downtrend seems to have reversal now. we have daily TF inverted hammer so bulls are in control now.. lets BUY now SL (1ATR) just below the 6.72 + daily ATR TP = 6.84 SL = 6.72+Daily ATR please like and comment if you like the setup .. thank you
I believe that currently the USDCNH is having correlations previous to one of its last breakout patterns and that at the current price, it is a decent entry. I think currently this is mid risk. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Invest at your own risk.
Relationships between the U.S and China have been deteriorating at a really fast pace since the begging of the Trade War between both countries back in 2018, where hundreds of billions of dollars in taxes over nationals goods, were exchanged. Despite the escalation of tensions, Trump's primary goal was to try to please the agricultural sector, since the farmer's...
USD/CNH, Weekly timeframe: Horizontal mirror level + Support line + Hammer candle pattern
As we can noticed we have a beautiful head and shoulders pattern here i would really like to buy after breaking the neck line tp and SL are explained in the chart , best luck for all of you <3
Hi subscribers! The price of the Dollar wins over the Chinese national currency. The price will rise to the level of resistance. Good luck to you! If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
Hello dear subscribers! The economic battle between the Great Powers continues. The price of the Dollar shook at the beginning of May, but as soon as the price of oil began to rise, the American currency strengthened in the world market, and this is facilitated by the currency printing press, which operates at full capacity. So the price will develop...
USDCNH Trading Plan Riks Reward 1:3
Dates in the future with the greatest probability for a price high or price low
Dates in the future with the greatest probability for a price high or price low