U.S. Dollar / Offshore Chinese Yuan
Long
Updated

USDCNH breakout

1 809
Price broke up this triangle📐 and I think there is chance for run to 6.92 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. Resistances along the way
  • ENTRY: local high @ 6.735
  • STOPLOSS (SL): local low @ 6.668
  • TARGET (TP): height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 6.92
  • REWARD RISK RATIO (RRR): 2.8
  • INVALIDATION: when SL level hit


Check my other stuff in related ideas.

Please boost🚀, comment🗣️, follow me✒️, enjoy📺!

⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Trade active
Order filled ✔️
Trade closed: target reached
Target hit 🎯 Nice and clean trade 👍🏻

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