Hello everyone. No need to mention the impact of the recent weak China data. We already saw the fall of its domestic stock markets, HK stock market, crude oil and commodity currencies, e.g. AUD.
On the weekly chart of USDCNH, if formed a nice bullish structure with trouble zone around 6.57.
On the daily timeframe, the bullish flag formation plus the neck retest are really odds-enhancer. Targets are 6.52 followed by 6.57 aligned with the weekly chart.
Give me a like if you're with me.
On the weekly chart of USDCNH, if formed a nice bullish structure with trouble zone around 6.57.
On the daily timeframe, the bullish flag formation plus the neck retest are really odds-enhancer. Targets are 6.52 followed by 6.57 aligned with the weekly chart.
Give me a like if you're with me.
Note
1st test of the small wall.
plan your trade and trade your plan
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
plan your trade and trade your plan
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.