USDCNH TRADE Idea SELL (24/07/2023)
Another exotic pair, exercise careful actions when trading these pairs. Anyway - Clearly the bias is a sell.
The price reacted well off of the POI and is now creating structure, with a liquidity grab having been made to the upside. As evidenced by the 1m chart, the price is looking to break structure so you could get ready to look for the order block.
An order block can't be mapped out unfortunately,as the break hasn't officially occured.
Please be aware that this sell will only be activated once the break occurs. Also be aware that the overall movement (Weekly) that is being looked for is a buy.
RR may be potentially of an 8 or even more.
NOTE: This is not financial advice, please do your own research and be aware that any risks are being taken solely by you, the individual.
The price reacted well off of the POI and is now creating structure, with a liquidity grab having been made to the upside. As evidenced by the 1m chart, the price is looking to break structure so you could get ready to look for the order block.
An order block can't be mapped out unfortunately,as the break hasn't officially occured.
Please be aware that this sell will only be activated once the break occurs. Also be aware that the overall movement (Weekly) that is being looked for is a buy.
RR may be potentially of an 8 or even more.
NOTE: This is not financial advice, please do your own research and be aware that any risks are being taken solely by you, the individual.
Aviso legal
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