TanYuFeng

USDCNH [Daily, Long]: Breakout

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TanYuFeng 已更新   
OANDA:USDCNH   USD/CNH
Long term trend is short as price is below the 200MA. Price has consolidated near the resistance, forming an ascending triangle pattern. On the 4hrly chart, an inverse head and shoulders pattern has formed with the resistance as the neckline. There is strong bullish momentum on the candles on the 4hrly chart.

I'd enter on the 4hr chart using a buy stop entry just above previous structure high. Stop loss just below the previous swing low. Trail the price and exit manually if the price closes below the previous daily candle low.
交易结束:到达止损:
Hit trailing stop, profit of 0.15R
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