USDCNH LongThis is an action reaction chart
I've done the action reaction lines using major pivots on macro
I've the coned down to the daily
And here we have bullish divergence at a potential reversal spot
Trade at your own risk
G.R.I. Dec '21
CNHUSD trade ideas
USDCNH Weekly SFPEvergrande collapse + found support on the Monthly OB
Idea totally invalidated below 6.23564
USDCNH LONGUSDCNH has for a while now been stuck at the demand area but now pushing up. we hope to get some good pips riding this all the way up
Bulls ? My Lesson learnt !!Looks like the bulls may finally take price higher where we are expecting a short discount at our zone mentions months ago
Here we see a wedge bottom with a shake out for a nice mid ride up north let's see
This market is very bearish so it took months for this formation no doubt the bears want a cheaper price n I don't think this market will see higher highs maybr not in a long time n I wish I had sold it back then I'd sept on it big time n this market I'll always regret so I trynot to sleep on others Cus this market offered an expectional short hold a lifetime trade smh
USD/CNH Breaks into New Yearly Low. More Yuan Strength to Come?USD/CNH dropped to its lowest level since 2018 after the 2021 low gave way. Prices have been pressured lower by the 26-day Exponential Moving Average (EMA) following a Symmetrical Triangle breakdown in October. MACD is crossing back below the signal line while RSI heads lower. The Yuan may continue to strengthen versus the US Dollar given the current trajectory.
USDCNH Target Price 6.40760 Entry Price 6.38819USDCNH | Trend Line; Exponential Moving Averages; Pin Bar; Higher Lows; Up Trend
2021-11-20 USD CNH - longDouble bottom forming. Looking for low risk entry on lower time frames. Would like to see a higher swing high then forming of higher low.
USDCNH Potential Double bottom PlayIn this update we review a potential double bottom trading scenario in the USDCNH
USDCNH top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCNH - LongHello, traders
While US Dollars were getting weaker, this pair does not go down. I am expecting that when US dollars get stronger, this pair will go up
If you have a similar trade, please comment below
Good luck :)
USD weakeningLooks like we have a bearish flag pattern in this pair forming.
I go short here.
Perhaps we will get a bullish reversal at lower yellow line.
If price go deeper we should see a new LL
USDCNH | Perspective for the new week | Follow-up detailsWe witnessed a 1,000pips run in our direction since my last publication on this pair (see link below for reference purpose) and the confirmation of reversal set-up at the Breakout of Neckline (CNY 6.39500) during last week trading session is the final straw that broke the camel's back for me.
Higher US bond yields and hawkish Fed expectations shine the light of hope on the Greenback and we could witness a continued bullish momentum as investors brace for the Fed's meeting next week.
Tendency: Uptrend (Bullish)
Structure: Breakout | Supply & Demand | Reversal pattern (Double Bottom)
Observation: i. It has been a mix of Bearish momentum for the USD since the beginning of this year.
ii. Finding a bottom twice at CNY6.36800 within the month of October 2021 - this level in recent time sharing memory for Demand (May 2021) could be an opportunity to take advantage of a short term rally.
iii. Double Bottom: The appearance of an extremely bullish technical reversal pattern describing a change in trend and a momentum reversal from prior leading price action may not be a coincidence.
iv. And since testing the demand zone the second time, the price continued to find higher highs that culminated in a Breakout of Neckline @ CNY6.39500 on Friday to signify the potential direction majority might be heading in the coming week.
v. With this development in place, it will be appropriate that we take advantage of this potential rally at the retest of Neckline.
vi. The early hours/days of the new week might witness a further plunge in price to test the Neckline @ CNY6.39500 or below to incite Trend continuation.
vii. Hence, above the Neckline remains a comfortable level to take a long position on this pair.
NB: Please note that the narrative so far supports a temporary bullish momentum and this is so after putting into consideration the long term downtrend perspective... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 300 pips.
Risk/Reward : 1:4
Potential Duration: 2 to 7days
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.
USDCNH - Evergrande aftermathChina's 2nd largest real estate developer just defaulted. Debt crossed $600B USD
Note: Lehman was liquidated for $600B, also owned by many international banks
Trade: long USD demand for dollars and CCP may devalue its currency to bail out Evergrande.
USDCNH surprsing accurate prediction with proof!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCHN Short CallExpecting more Bearish trend for this Forex . Will put money on short for this trade.
USDCNH-Expecting a bounce for wave 3) and wave 2) completed ???Market Commentary:
LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO...
First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE...
Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analysing the pair and labelling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART. Take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP.
I am a technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned above are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labelling according to the price action.
All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
Kumo Breakout: Short USDCNH (M30)Daily and H4 Charts: Bearish signs
M30: Re-entry opportunity
ON M30, prices are ranging.
Sell conditions:
1) Price < kumo
2) Bearish TK cross
3) Price < 200 EMA which is pointing downward
USDCNH top-down analysis, UPDATEDHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
