CNHUSD trade ideas
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. 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This money will be withdrawn from these assets, thereby undermining the economy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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Hidden Divergence MACD Cross in 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.