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U.S. Dollar / Chinese Yuan
Long

USDCNY DAILY POTENTIAL BULLISH OPPORTUNITY

130
USDCNY

TRADE PLAN
INSTRUMENT: USDCNY
TIMEFRAME: DAILY

DESCRIPTION
While awaiting FED decision later today, there are potential bullish entries on Lower timeframe with stop loss at 6.830.

If price break the stop, we shall look for another bullish entry at the external trendline targeting 7.4900 level.

Fed rates hike will confirm the bullish bias.
BarnabasMbogo
Also on:
Fundamental AnalysisWave Analysis

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.
Fundamental AnalysisWave Analysis
BarnabasMbogo
Also on:

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.