CNHUSD trade ideas
long shot on a longIF the band brakes and we get a positive clossing candle I will be looking at getting into a small long here ! BUT depending how the news is taken today we may see more down side push before a small turn around
USD/CHN GO SHORT USD/CHN OVERALL UPTREND. i suggest this moment bullish retracement . im not grantee 100% im tell all over market comparing.wait for breakout in downtrend and trend continue .
USDCNH SHORT TRADEUSDCNH broke key level at 7.0990
Pair is downtrend
Price is based below HVN at level 7.0931 which indicates that pair is in distribution phase
RSI rebounded from level 50 which is considered to be resistance level
It's expected to test the demand zone at level 7.0525
USDCNH Long Quantitative AnalysisTrapped net sellers Q1: 12
Cumulative Quantitative Power: 2220
A buy order executed.
Hammer?No, not really. Though the past candle looks like a hammer it is none because of a hammer hammers out a downtrend. We are not there at moment. Nevertheless this candle is not a buying signal the more it appears above the high of the past wave on May 1st and immediately above the MA. This makes a rise more likely.
(EP #93) Kelvin Trade Ideas USDCNH Bat Pattern 2020-05-07A bearish bat pattern is completed in four hours chart, it provides a potential reversal level from 7.15040 to 7.14400. I am waiting for the market back to 7.15040. If the market gives me confirmation signals later, I will decide should I short the market.
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USDCNH - Clean triangle break- $USDCNH broke out of a triangle with a short-term target at 7.24
- Pull back best case around 7.08
USDCNH. The price will continue to grow.Hello dear subscribers!
The price of the American dollar will rise,
because America is selling the securities of Chinese companies,
we are talking about 50 billion dollars that were invested in the fund in 2017.
This money will be withdrawn from these assets, thereby undermining the economy
This means that the price of the Dollar will rise and reach the target.
However, this action may have unpredictable consequences.
Good luck to you.
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This idea does not provide the financial advice.
Rejection from Triangle PatternDISCLAIMER and RISK WARNING: Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them. Don't trade with money you can't afford to lose. The contents and information provided here are for information purposes only, and are neither a solicitation nor an offer to buy or sell forex, cryptocurrencies, futures , commodities or stocks.
USDCNH short Hi guys the USDCNH looks like its currently in a daily complex correction in favor of a Z-leg which is the last leg so it should be able to make another low from here. It really could go even lower than what I anticipate given the current status of things but we will let the chart tell us that.
Trade With Care
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