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OFFSHORE CHINESE YUAN / U.S. DOLLAR

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CNHUSD trade ideas

USDCNH [60] Momentum HeadfakeJan 10th, 12:00PM PST We've had a momentum move into a consolidation with diminishing volatility (aka triangle). This is setup is early in development but worth watching. First we want one more bounce off the horizontal trend line of the consolidation. Then we're looking for this to pullback to the 240 21EMA (to prevent Over Extension) and then a quick reverse back over the horizontal trend line of the triangle. This is the entry signal. From there the target is equal to the momentum move which led into the consolidation
Short
by ParametricTrading
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Short
by QQGuo-Shane
THE HOLY GRAIL 10K PIPS At point b and before we posted to buy the pair the outcome 10 k pips up! Back test that! Therefore there’s no excuses to why u ain’t wining family ! Collectively yearly we give u over 100k marketable pips to catch in the direction the market will be in to do so and b4 it’s apparent.. so here we go again Buy the low of the double bottom inducement at point c … Did I say there’s no EXCUSES every one of of students n clients are flipping their accounts , why can’t u?
by Donajor8
USDCNH - one of the most important charts in FX markets A key set-up for the radar - we currently see a solid test of the H&S neckline, where a break targets 6.6500 - a move here would be conditional on a moderation in US core CPI (due 13 Dec) and a fed funds terminals rate headed to 4.75% - however, any decline in this cross would lift AUD, NZD and be thematic of outperformance in Chinese equities Price is breaking down and while we typically see less interest in this cross than a G10 FX pair, it's importance in macro markets cant be overstated.
Short
by Pepperstone
Going Short in USDCNHHello Traders; USD CNH - Forex.com Trade Plan. Short / Sell Trade. Entry Level should be below the 50.0% FIB / Daily Support zone with Bearish candle @ 7.19050 TP - 1 : Above the FIB level 78.6% / Daily Support zone @ 7.10470 TP - 2 : Above the 4 Hour support level / Weekly Support Zone @ 7.06960 TP - 3 : Above the FIB level 100.0% / Daily support level @ 7.03090 Stop Loss should be placed at 38.20% FIB Level Stop Loss @ 7.23770 Lot Size : Portfolio Size 10000 $ Risk to Reward 1 : 1 Lot size 19560 units @ 5% Risk TP - 1 = Total PIPS in gain = 858 Profit 1.28 % TP - 2 = Total PIPS in gain = 1209 Profit 1.71 % TP - 3 = Total PIPS in gain = 1596 Profit 2.30 % Total PIPS in Stop loss = 472 Loss 0.66% After the break of Neck Line of Head & Shoulder Pattern Intact with the short trade and ride down to Weekly support down @ 6.71735. Keep trailing Stop Loss on every support level during trade to secure profits. Regards.
Short
by dilsnqamz