We see potential upside after WXY pattern closing. That's the ABC uplift.
There is a possibility of further upside. That's the ABC rise.
There is a possibility of further decline. That's the ABC drop.
Price look bearish in my eyes due it met weekly resistance with potential sfp on weekly time frame. There are alignment with weekly sfp on daily chart. Therefore i will be interesting to look into short positions from manipulation move i have highlighted following days. Shorts is valid for me till the price will take daily low (liquidity) out.
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
We see triangle, resistanse or 7.365. Target and try short us dollar to 7.00 and lower.
Hello! I think this rally on USDCNH is going to be incredible. We must wait for a confirmation 1D candle close above the level. I think the main target will be at 8.00. 8 is a lucky number in the East. Be patient, and protect your deposit. Unfortunately, there has been a regularity for the last 3 years that new highs in currencies are connected with a war...
We see the possibility of a drop after the ABC close. It's a flat pattern.
There is a possibility of further upside after the closing of the 5 waves. It's going to break down the low.
Fundamentals & Sentiment USD: The sentiment has been bullish for a while as US CPI remains sticky. As the dollar gained strength. However, it became overpopulated with buyers, as evident from CFTC reports. So, it should take some trigger for those buyers to start covering their longs - a good potential for dollar downside. The CESI differential for USDCNH has...
There is a possibility of an additional rise after the 5 waves. It will break through the highs upward.
There is a possibility of further upside after the closing of the 5 waves. It was finally finished in a diagonal pattern.
USDCNH is caught up in a tightening triangle, but bullish RSI divergence indicated a higher probability of a break to the upside. Partial targets are shown in orange.
This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry. This is my opinion, not for any signal service. Good luck.
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry . This is my opinion, not for any signal service. Good luck.
WXYXZ looks likely to see further declines after the close of the pattern. It's going to break down the low.