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Usdcnhshort

USDCNH - Technical Analysis [Long Setup]🔹 USDCNH Analysis on 1HR chart - The current Trend is Bearish - Bullish divergence is present - If HH is break we will take long position 🔹 Trade Plan - Entry Level = 7.10808 - Stop Loss = 7.09450 - TP1 = 7.12170 - TP2 = 7.13520 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
Long
by Bountysoul
2
How I Caught the Spike on CADCHF Using Market StructureHow I Caught the Spike on CADCHF Using Market Structure 🚀 In this video, I’ll show you how I successfully caught the spike on CADCHF using the Market Structure strategy. By understanding and applying key principles of market structure, I was able to identify this profitable opportunity. Plus, we'll revisit my recent video prediction on USDCNH, where I correctly called the potential spike drop! We’ll cover: Detailed explanation of the Market Structure strategy Step-by-step analysis of the CADCHF trade setup Key indicators and signals that led to the spike Practical tips for applying Market Structure to your own trades Recap of the successful USDCNH prediction and its implications Join me as I break down these exciting trades and share insights to help you master the Market Structure strategy. Don't forget to like, comment, and subscribe for more trading tutorials and expert analysis. Let's capture more spikes together! 🚀💹 And remember to hit the Boost Button on this video to support our Trading View community! Disclaimer: Forex trading involves significant risk and is not suitable for every investor. Carefully consider your financial situation and risk tolerance before entering any trade. Always perform your own research and seek advice from a licensed financial advisor if needed.
Short
by TruthakaWallStreetakaCookie
USDCNH TRADE Idea SELL (24/07/2023)Another exotic pair, exercise careful actions when trading these pairs. Anyway - Clearly the bias is a sell. The price reacted well off of the POI and is now creating structure, with a liquidity grab having been made to the upside. As evidenced by the 1m chart, the price is looking to break structure so you could get ready to look for the order block. An order block can't be mapped out unfortunately,as the break hasn't officially occured. Please be aware that this sell will only be activated once the break occurs. Also be aware that the overall movement (Weekly) that is being looked for is a buy. RR may be potentially of an 8 or even more. NOTE: This is not financial advice, please do your own research and be aware that any risks are being taken solely by you, the individual.
Short
by saintprincevvs
USDCNH rollover TO 6.72 RIP DXY With the looming BRICS news I have turned my eyes to the Yuan/ dollar pair to ride the short for the exit of the Petro dollar. THIS IS A Q2 SWING MOVE This will not be a linear drop FYI! Very very choppy as US will attempt to pull out all the stops to avoid the collapse of the Dollar safe haven. Top Down Analysis: Using the Monthly I plotted out the High resistance of 7.329 aka the highest strength of DXY from early Q4 2022. Major support lies at 6.30 We are monitoring right now and looking to enter a trade if we can get a close under 6.82 as that takes out bullish sentiment. From 6.82 we can catch 1000 pips down to 6.72 as the liquidity will gain bearish momentum. (Q1 Double bottom low) Another 1000 pips down can be a bear trap at 6.61 so we will try to take 50% profits shortly after 6.72 is taken out. This is a High volatile trade and can be aggressive in trend. Please trade with caution. ****** THIS IS NOT FINANCIAL ADVICE******
Short
by chestephens1
UNPOPULAR OPINION USDCNHThings you should not bet against and one major of them is commodity currencies. I have done research based on sentiments and everyone is looking for a crisis out of china to be break its market, especially in the housing market. This is my personal view based on a group of commodity currencies a reversal in all of them in almost certain. Will this push for a second wave of inflation "YES" not likely to be felt a few year is monetary policies reverse which I see them doing, but if they become more aggressive then risk of uncertainty is extremely high also Risk of emerging markets could be far worse that we imagine. Long commodities and commodity currencies.
Short
by Beclinks_Capital
USDCNH | Perspective for the new week | Follow-up detailsEven though we held on to a 400pips move in our direction since my last publication on this pair; a sudden breakdown of Channel and Trendline coupled with the appearance of a Head & Shoulder pattern (see previous publication in the link below for reference purposes) insinuates a bearish momentum is imminent. Further consolidation amidst a mixed outlook remains the perspective of the market in the last couple of months and the momentum garnered by the buyers (correction phase) appears to be thinning out as the successful breakdown of Bullish Trendline insinuates a risk of further decline for the Greenback in the coming week(s). Tendency: Downtrend (Bearish) Structure: Breakdown | Trendline | Reversal pattern (Head & Shoulder/61.8% retracement) Observation: i. The Bearish Impulse which started in April 2021 went through a correction phase in the last 3 months to culminate @ CNY6.5300 area - an area that coincides with a 61.8% retracement of AB Leg. ii. The appearance of a baseline with three peaks, where the outside two are close in height and the middle is highest reveals a Head & Shoulders pattern describing a formation that predicts a bullish-to-bearish trend reversal. iii. During the course of last week trading session, we witnessed a significant rejection of CNY6.51000 level (2nd Head) which led to a confluence characterized by a breakdown of both Trendline and Key level @ CNY6.48500 hereby inciting a Bearish potential for me. iv. In as much as I am comfortable taking a sell position anywhere below my Key level, the degree of accuracy to this bias is expected to be confirmed once the price breaks down the Neckline @ CNY6.45000. v. A further breakdown of the Neckline might transpose into a Harmonic pattern (AB = CD) with extensions of CD leg aiming at CNY6.28000 area (127.2%) and a window to add to our existing position at Breakdown/Retest of CNY6.42000... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 750 pips. Risk/Reward : 1:6 Potential Duration: 7 to 14days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USD/CNH Can Plummet FurtherThis has been plummeting for the best part of a year. It recently broke another support and is now retesting it as resistance. If we see MACD turn lower and EMA's do not cross higher then this should continue down to the next supports. Keep in mind this has been oversold on RSI since September so don't be too overconfident as there is always the chance of a correction. I have marked out 3 levels where to expect support so these can be the targets. TP 1 - 6.38367 TP 2 - 6.31515 TP 3 - 6.23602 Once this turns SL can be added just above the resistance.
Short
by olly48
The Trend is Your Friend - USDCNHPlease don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
Short
by Michael_Harding
USD/CNH REPORT!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 bottom near 6.6275. Meanwhile a 13 day old resistance line at 6.7325 can probe buyers even if they manage to cross previous support, now resistance around 6.7025. let me know what you guys think....
Short
by NapoleonHil
USDCNH | MY PERSPECTIVE FOR THE WEEKWe 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 ( Bearish ) Structure: Supply & Demand | Trendline Observation: i. Price has been respecting my Bearish trendline in the last couple of weeks with no structure suggesting a possible Breakout of this line soon. ii. Present structure at this phase in the market is screaming Breakdown of my Key level ! 6.93500 in the coming week(s). Trading plan: SELL confirmation with a minimum potential profit of 350 pips. Risk/Reward: 1:3 Potential Duration: 1 to 6 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2