USDCNH trade ideas
USDCNH on a bear flag 🦐USDCNH after testing the lows near a dynamic trendline retraced inside a minor ascending channel.
The market reached the 0.618 Fibonacci retracements and now testing a support
According to Plancton's strategy, if the conditions, will be satisfied, we will set a nice short position.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long after break out ...disclamer this is just an opinion My prediction is long buy hold next 4 months... if it breaks only ...been in the game a year so im not really that good just trading how my mentor (Repect forex hendry atang )
Im just sharing my service for free coz is a prediction not what will really happen just an opinion
USDCNH bull countThis is my idea of a potential bullish count on USDCNH.
See USDCNH trends in link below.
Please leave a like to show support.
USDCNH BULLISHA lot can be expected between the US dollar and the Chinese Yuan in the next coming days / weeks. I think history has the best story to tell and here, I share my overall trends in which the USDCNH has been trading.
The U.S. dollar greatly depreciated against the Chinese Yuan and created a pin bar on its all time ascending support I think we could potentially see a strong dollar against the Yuan in the next coming days.
Please leave a like to show your support 🤗.
Thank you
USDCNH possible short.On the daily TF market has formed a over extended W formation and we expect to see the pattern complete at the neckline,on the 1hr market has broke below structure with a nice bearish impulse, also a nice head and shoulders looks to be forming we will be waiting on the lower TF for market to meet our rules of entry before shorting.
USD/CNH USDCNH 4H Trading Channel - Going up USDvsCNHUSD/CNH USDCNH 4H Trading Channel - Going up USDvsCNH
USDCNH on a bear flag 🦐USDCNH after testing the lows near a dynamic trendline retraced inside a minor ascending channel.
The market reached the 0.786 Fibonacci retracements and now testing a support
According to Plancton's strategy, if the conditions, will be satisfied, we will set a nice short position.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
USDCNH | Perspective for the new weekIt has been months since I published any speculation as our last publication on this pair saw us bag over 1,000pips ( see link below for reference purposes).
China is on the brink of launching its CBDC - Digital Yuan. To facilitate its smooth launch, the digital yuan had to undergo several testings. In line with this, the government in Shenzhen, a metropolis in China, has disclosed plans to distribute 20 million digital yuan (approximately $3 million) to the city’s residents... This could be an exciting development for investors as the Yuan continue to rise against the Greenback in recent times.
Tendency: Downtrend ( Bearish )
Structure: Breakdown | Supply & Demand | Trendline | Harmonic (AB = CD)
Observation: i. Y6.95000 level remains my key level as this zone shall be the yardstick for selling opportunity in the coming week(s).
ii. Successful Breakdown of Key level at the beginning of the new year is a sign that the Yuan will continue to appreciate.
iii. Presently experiencing traders profiting from the boom that began the year, a correction into 61.8/78.6% is on my radar for a trading opportunity.
iv. Suspected ABCD pattern parameters explained below;
a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg.
b. The B- to-C leg is at 61.8% currently (with a possible 78.6% in the future) Fibonacci retracement of the A-to-B leg.
c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move.
Trading plan: SELL confirmation with a minimum potential profit of 1,000 pips.
Risk/Reward : 1:3.5
Potential Duration: 10 to 20 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Opening below the HammerIf the previous candle stick would be a hammer then today should not have opened below the body.
USDCNH ANALYSISUSDCHF ended bearish Elliot wave 5 at level 6.4115
Pair is forming inverted head and shoulder pattern
MACD shows start of bullish momentum
RSI is in uptrend
we r waiting price to exceed resistance level at 6.4575 and SMA 100 to open long trade
It's expected to target minor downtrendline at level 6.4800
USDCNH : Be preparedWe should be seeing a massive intervention of the BOC soon. There should be serious implications on other forex ant the stock market.
Bullish Cypher for USD against the Chinese YuanThe 786 PCZ lines up with weekly support you don't really want it to convincingly go below that lines so stop loss is easy.
USDCNH Downtrend continues with a new lower low createdMy chart shows quite clear that the downtrend continues until the nearest control high gets violated.
Based on measured move, there might be another 350 pips drop from the current level.
