4h time frame: down trend 1h time: forming a ABCD pattern it seems starting a new downtrend.
FX:USDCNH USDCNH drops below 6.6917, down 0.39% intraday. China will not only overcome the coronavirus pandemic but will also aim to become the world's largest economy which could be favouring USDCNH bears. ( China's communist party 2020 GDP to exceed 100 TRILLION YUAN) A clear break of the one week old support line could drag USDCNH prices towards the monthly...
We continue to enjoy profitable Bearish opportunity on this pair in the last 3 weeks as price moved over 350pips in our direction since my last publication (see link below for reference purposes). We might be looking forward to a last Bearish drive as the PBoC intends to promote the healthy development of offshore Yuan market. Tendency: Downtrend (...
After our last 2 call on this pair, we check for another opportunity on USDCNH pair. The market hs moved in lower high lower low pattern and tested 3 times the ema 21 that always rejected the move. Recently the price has retraced till the 0.5 fib level and now is pushing down to test again the weekly support. If the price will manage to break and close below the...
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 looking forward to short this pair Resistance Zone Strong rejection on the Resistance zone
Hello dear subscribers! The price of this currency pair is constantly changing. In the previous chart about this pair, there was a classic cup and a handle pattern and it worked! The price hit the resistance level and turned in the opposite direction. The price will continue to fall to the target. Good luck to you. If you liked this idea, please like and...
A nice ab=cd forming, short the USD against CNH take profit around 6.95000
Net Short Buyers: 6 Cumulative Quantitative Power: 1250 Signal: Sell with the above chart parameters.
Hi dear friends, The price of the American currency will fall, because every day the Chinese economy is stabilizing and recovering from such a terrible pandemic. Although this is not a decisive factor, But against this background, the Dollar will significantly lose. If you liked this idea, please like and subscribe to my profile. This idea does not provide...
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
USDCNH Trading Plan SELL - Riks Reward 1:3
Hello dear subscribers! China is rejoicing! No new cases of coronavirus infection have been reported. This means that China is opening its provinces, the process of production and trade is getting better, the Chinese yuan is growing, but in America the opposite is the case, the number of infected people is increasing every day by hundreds or thousands of...
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
Hello dear subscribers! The price of the Dollar has reached its peak now. The Chinese economy will strengthen, the panic in China over the coronavirus will stabilize, so in this currency pair there will be just a decrease to 7.08000. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.