this idea will only run if we get some positivity over the ongoing trade wars with china
my idea is for price to break 6.72600 region retest and to carry on bearish
price is under the 200 ema
Candlestick formation looking bearish
us china trade wars is looking to get negotiated which will be great for china
Was that the top in USD/CNH? Traders should not make a living or hobby out of calling major reversals in a market, but when a combination of developments arise that signals the tides may be turning, they also shouldn’t have their head in the sand.
While many people were looking to the sell-off in the Turkish Lira and the South African Rand, the turn around on a...
USD/CNH- 08 Sept. 2016
1 hour chart for daily entries
All S/R levels has power to reverse the trade,
but once broken with a closing candle
Support will become Resist, and Resist will become Support.
Only trade when levels are touch for the first time with a 15min engulfing candle to confirm the reverse.
Do Not chase price, let the price come to the S/R levels...