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US Dollar/Chinese Yuan

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USDCNH trade ideas

New trading strategy upgrade Set up your SL and rule yourself following our discipline. Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my trading plan. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. My trading strategy is Price Action - using Price movement only, your comments are highly welcome. Message privately for a 1:1 training program - Price Action Strategy. Trade well & Good luck guys.
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
Update on the Chinese YuanA few months ago, I proposed USDCNH/USDCNY consolidating for a bit and then going higher, as such strong moves usually follow through. The Chinese economy looks extremely weak for multiple reasons, and I see no way that the CNH/CNY won't lose much of its value relative to the dollar. Technically it is ready for another strong move higher, and the fact that Pelosi is visiting Taiwan could be the catalyst for a breakout. Of course, I could be wrong, and the market has a pullback first. However, I think that would be a buy-the-dip opportunity. Going down to 6.6 would be a gift, and that's where I'd want to add to my long positions (short CNY). In my opinion, the market will take out the double top at 7.2$ first, maybe pull back, and then move significantly higher. However, my first target is a bit lower because I do some resistance there, as there was a breakdown that was never retested. Regardless of what your target is, the R/R here is tremendous.
Long
by BitcoinMacro
1
The USDCNH/USDCNY move was extraordinaryAs the Chinese economy was slowing even before the lockdowns, the strict lockdowns put a lot more pressure on the CNH/CNY. This created a huge divergence in the policies of the Fed and PBoC, as one was hiking and the other was cutting. For quite some time the USD was going up against most currencies, except the CNY... until one day the market fully reversed and rallied much higher. By looking back to the USDCNH price action over the last decade, we can see that the two times we got such huge rallies, the market initially pulled back, and then went higher. Now when we compare the duration of those rallies, their magnitude and how overbought the market got by using different metrics, they all look fairly similar as a whole. For example the first one from 2015 was longer and slightly larger than the current one, but the initial leg was brutal. The second one from 2018 was the largest and quickest, however the market wasn't that overbought and the move made more 'sense'. Therefore this move has the potential to be just like the previous two. In the short term I could easily see USDCNH trade back to 6.53-6.58, but my long term target is above the 7.2 double top. The same way the double top around 7 broke and the market went to 7.2, I expect the market to go above the 7.2 double top. No idea where could it top, but it is possible that we get a prolonged bull for USDCNH.
Long
by BitcoinMacro