CNHUSD trade ideas
USDCNH. Price has changed its trend.Hello dear subscribers!
The price of the Dollar is changing,
this is because the figure on the chart is: “Round bottom”.
This means that the price trend is changing.
However, there is an important condition.
You can buy if the price breaks an important mark near a key level (7.08000.)
Good luck.
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This idea does not provide the financial advice.
I am optimistic that the price will Move to the next resistance Price retested the channel and now up for rocket
Sell under the 382 rebound areaDISCLAIMER 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.
Did you get 4 out of 4 shorts windfall ?Most likely not unless you are very experienced in shorting in sideway markets. Drawing on the chart after the patterns has formed is easy.
Firstly, the emotions will come in to stir you to bet bigger had you win the first round. And your head gets big, thinking to yourself you had it all figured out. Viewers look at the chart and say : wow, imagine I can do this every day. No , the fact is you won't do this every day unless you are professional trader.
You require precision entry to maximise the profits and precision exit as well. That means you need to be watching the screen all the time. Do you have that luxury ? You may be staring at the screen for several hours as well. Do you like that ?
So, let's be grateful for the profits we have made, no matter how big or small and learn to keep calm when things ain't going our way sometimes.
USDCNH OPPORTUNITYUSDCAD
Disclaimer
This is not investment advice. Trading entry need more research and real-time confirmation.
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All the best Traders!!,
Zalraki
SITTING IN MONTHLY CHANNEL BETWEEN 7.16 to 6.95 AREA !!!Broken Previous Resistance held back in Aug 2019 to the upside
However Double Top has formed on the Weekly around the 7.16 Area
Daily Trend-line in focus now as we already have the second touch
4HR- Broke Resistance around the 7.05 Area now looking to take down to around the 7.00 Area
USD/CNH. AUD/USD 3/17 GDP Event Risk02:00 UTC Friday the 17th will be a notable event for key-event risk going into next week. The problem with this print is that Chinese GDP will be looked at with a very high degree of doubt. I don't think it will move the USD/CNH as much as it will move the AUD/USD, the world 's FX proxy to the Yuan.
This includes the AUD/USD and the AUD/YEN. The AUD/USD doesn't have the same manipulative capacities to falsify their data the way China does so I think watching the AUD/USD at 0200 on 4/17 for those looking for easy money.
09:56:56 (UTC)
Sun Apr 12, 2020
USDCNH. Will the United States Economy Endure?Hi dear friends,
The price of the American currency will fall,
because every day the Chinese economy is stabilizing
and recovering from such a terrible pandemic.
Although this is not a decisive factor,
But against this background,
the Dollar will significantly lose.
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This idea does not provide the financial advice.
USDCNH BIG SL SMALL TPHI, TRADERS
MY NAME IS KD
TODAY I HAVE A GOOD STRATEGY PUBLISH TO ALL OF YOU :)
YOU CAN CLOSE YOUR TRADE ANYTIME AFTER YOU SEE PROFIT.
THERE IS NO OBLIGATION TO CLOSE AT TARGET TP.
RISK MANAGEMENT IS VERY IMPORTANT :)
HAPPY TRADING~
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USDCNH waiting for the rallyI checked the USDCNH and the price has drop away from the planned trade. However, the bullish impulse formed in W1 TF is still in tact as it retrace in 38.2 Fib retracement so I see a possible long position if there will be another rally on the upside
Entry 7.08863
TP 7.1895
SL 7.04855
USD/CNH Long Trade - Entry 7.11742Stop Loss = 7.06588 / Take Profit = 7.27177 > Coupled with a 1% risk with 3% reward.
Once the trade reaches a 2:1 point move SL in front of opening at a 1:1 point to mitigate risk.
Keep Chasing that Paper!!!
