Multiple Triangles on USDCNH

See the chart for the breakdown of the triangles. They would play very nicely into each other. Will be updated, with targets if breakouts occur.

Transaction en cours

Trade on 1 hr candles is active. Target price is 6.805

Trade fermée: ordre d’arrêt atteint

Stop reached on the left side, it was a poor breakout without a retest of the angled support.

Transaction en cours

Watch for retest of the resistance as a support on the longer time frame. 6.91 still the the target there.

Note

Some ideas about this breakout and target for once the trade is active

Transaction en cours

We have seen a nice retest of the previous resistance as a support, and the price is near the bottom of the linear regression channel, as well as fairly low on the SRSI:

Transaction en cours

We have our pullback and a low SRSI on both 4 hrs and dailies. A tight, but moving stop is suggested here.

lukaszkunatrader

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