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USDCNH Trend Continuation
A trend continuation pattern have formed on the pair. We are below all MAs with POLR to the downside. USDCHN have broken out of its ascending triangle... completed its 1HR 50ema BCR with continuation. We await the sniper criteria to come onside on 1HR TF to enter a Short. Please do not follow blindly.
USDCNH Weekly 8EMA Gap Close
Risk off sentiment along with Bullish Divergence on the Daily adds confluence. Criteria: Daily BC 8EMA Waiting on BCR of the 1HR 200EMA and more importantly 4H BCR 50EMA with bullish continuation candles and Sniper criteria to come on side. For the long term, pair was in a weekly up trend. Failed to make a HH and made a double top, also closing below the weekly 200EMA. Once the retest of the double top SnD zone is complete, we can scale in and look for short possibilities down to 6.47236. I have set my alerts, this is a trade i intend on be taking. Please do not follow blindly.
Long idea fro USDCNH
Weekly: Gap with a contracting candle so this trade idea may come into effect next week so target profit is under the weekly 8 ema Daily : break above break above 8 ema 4 hr : Retesting the 50 ema so 3 nice continuation candle for entry 1 hr : Golden cross forming, restest of the golden cross or retest of the ascending channel on top of the 1hr channel would increase the probablity of the trade.... Note: USDCNH has been in down trend so break and close under daily 8 ema might direct the price down to invalidate the plan
BCR of 1H Golden Cross
Price has been rejecting S&D zone for the last few days. 1H has now broken above and retested a golden cross of the 200 & 50 EMAs. Wait for the Sniper System to come onside before entry. R/R - 2/1
USDCNH - ignore entry level Price has rejected all time highs and moved south below the daily 50EMA. 4H Chart - price has tested the support line, before closing th.e 8EMA gap, and now sat at support. 1H Chart - price is starting to break the support line. What do we need to take this trade; (1) BCR of the support line, (2) Continued momentum down, (3) Indicators to be on side. Stop loss to suit R:R once entry level identified. Please note that this is my interpretation of the charts and should not be followed blindly. Good luck and trade safe.
USDCNH Entry : 7.11575 Stop : 7.09392 TP 1 : 7.13637 TP 2 : 7.15520
USDCNH Long buy stop : 7.10078 stop loss : 7.08762 TP: base on your style Good day, Happy Trading!
Looking to get in early on USDCNH targeting B wave for a short term trade. Entry is breakout of swing fractal on H1. I have two Take profits on at 7.1406 moving SL to BE and second TP at 7.15125 . Looks like to me we are in wave 4 correction on h4 and their still should be some upside.
PLEASE DON'T FOLLOW BLINDLY. 1 : 1.5 Risk/Reward ratio using Max's Sniper System - check it out in the trading lab if you haven't already. BUY STOP Entry - 7.11870 S/L - 7.09750 T/P 1 - 7.14920 (feel free to have a TP2, I can't without exceeding maximum risk) 1. Triple timeframe confirmation shows uptrend on the 60, 240 and D1 timeframes. 2. MACD crossover on the 60 and the 240. 3. Weis wave green on all time frames. 4. Squeeze momentom indicator shaded histograms on the 60 and the D1, green on the 240. Low risk when trading exotics. Good luck!
Buy Idea. What do you guys think
THIS IS FOR EURCNH NOT USDCNH Weekly bullish engulfing candle, double bottom and 20 period simple moving average reversal. Stop loss is just below weekly candle lows. Target price is same number of pips.
This pair is slowly creating lower lows. The USD is weak. As per Max's strategy on the daily and 4 hour time frame the crossover has happened on the MACD. Also red on the squeeze. The 50 ema is in the way on the 1 hour but I believe this pair has a long way to fall. If this takes off I will add more positions and stay in it long term.
Just an idea - information only and the way I see the chart
Look to short USDCNH as this trend is very likley to continue. The bears are very prevalent theirfor will continue on down. Good luck and happy trading
Look to buy USDCNH as it has pullback to 34 ema also strong Resistance combined with blue arrow also on the the daily chart so less risk of loss. Good luck and happy trading
look to buy USDCNH because trend is up and this level should breakout strong buy. Good luck and happy trading
pullback on Uptrend 3 touchs trend line confirmation 20 MA coming for support
closed below the 21 sma as you can see on the chart it trends well after it crosses the 21 sma ride the trend till it closes above the 8ema
- 1% Risk - 1:2 Risk/Reward - Strong historical channel - Strong support at 6.73175 - USD News out today (PPI, Retail Sales, Consumer Sentiment all forecast positive results suggesting a stronger dollar)