USDCNH - Pullback Trade Opportunity
4hr-chart:
Price dipped below to extreme oversold in the RSI; (now expecting a fierce rebound up).
Additionally, it is highly-logical to expect price to tag back to the 200-period MA (thick dark gray line) (which is still bullish & still in the uptrend).
Currently this might not be a big trade, but you can still get some pretty decent pips out of it.
Best regards.
Price dipped below to extreme oversold in the RSI; (now expecting a fierce rebound up).
Additionally, it is highly-logical to expect price to tag back to the 200-period MA (thick dark gray line) (which is still bullish & still in the uptrend).
Currently this might not be a big trade, but you can still get some pretty decent pips out of it.
Best regards.
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