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US Dollar/Chinese Yuan

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USDCNH trade ideas

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
by nmkvijay
USD/CNH Triangle Apex Nears, Will Prices Break Higher or Lower? The Chinese Yuan's volatility versus the US Dollar has eased considerably in recent months compared to price action seen earlier this year. USD/CNH is quickly approaching the apex of a Symmetrical Triangle pattern, however. This may see the currency pair make a break higher or lower in the coming weeks. Technically speaking, the triangle doesn't show bias to either side and prices are gyrating around the 100-day SMA. However, fundamentally, the Yuan's position versus the Greenback doesn't offer a strong picture given the prevailing housing market headwinds in China.
by Thomaswestw
Yuan will devalue soon, US dollar $DXY will soar!Republishing this from my USDCNY post. 1. Head and Shoulders pattern 2. MA's + PA show a bottoming pattern 3. China will devalue the Yuan (Remnimbi) 4. Dollar $DXY will go over 106 5. Gold $XAUUSD will go below $1,500 oz. 6. Silvere $XAGUSD will go below $15 oz. Trade idea related to this currency pair that goes through other macro factors twitter.com 10, 20, 30 year yields mirror this PA - and show USD will be going up as yields are starting to. When China devalues the Yuan, the FED will be helpless to push it down unless they go all in on YCC via UBI. Then you'll want to pivot into $XAUUSD or $XAGUSD.
Long
by EmptyEternity
USDCNH OANDA🌟this pair is traded for a long term situation with a high R/R value (the R/R stays the same) 🌟in this ascending channel you can see the reversed H&S formation (or the 3 buddha or 3 rivers in Japanese trading) which is an indicator for a bullish bias and its marked with faint yellow highlight 🌟you can observe a blood waterfall (marked with red highlight) which is abnormal in the market and distracts the EMA statistics and for balancing this situation a green mountain needs to recover this bleed of the market from the top to the bottom of the channel (both waterfall and mountain phrases are visionary and not official formats) 🌟this position has a 3510 pips rewards aside a high cost stop loss so manage your leverage properly Risk warning, disclaimer: all of the following signals/ideas are subjective and based on market judgement of our team's technical and fundamental analysis , we hope traders consider this and always check it with your own strategy, if you don't have any we can help you form one ---------------------------------------------------------------------------------------------------------------- If you want to see more and more from these 💎 free signals: 🙏 Help us grow then Each individual support counts 🙏 Tell us what do you like to know about the market and how do you see the forecasts Share us your opinion ---------------------------------------------------------------------------------------------------------------- 👉This idea has the confirmation of "advanced price action" 👍 👉Follow us and invite your friends too, this way we can share ideas and signal to anyone we care 👍 👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍 👉Tell us what's important for you in the market or what asset makes a difference in your investment basket 👍 📝Did you know money management and risk management are as important as your entry and exit point of a chart? 💰Plan a Trade before a Trade💰 💸Develop a strategy before you enter position your strategy have to be a combination of money management + risk management + time management and profit management (the famous MRTP method made exclusively by our team💎) Trade well ❤️
Long
by the-crypto-analyzer
Cataclysms are brewing in the global stock markets. China.All because of the situation with one of the largest developers in China - China Evergrande Group, which found itself on the verge of default (debt size ~ $ 300 billion). The possible bankruptcy of the company will hurt not only the Chinese economy (remember Lehman Brothers). Deposits in Chinese banks are about to $35 trillion, which is twice the size of the United States. Chinese financial crisis will lead to unforeseen circumstances and will affect all world markets. Industrial production has negative rates in China. Now it is near the lowest level since the global financial crisis. The devaluation of the yuan seems inevitable. Best regards EXCAVO
Long
by EXCAVO
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