Wave-Trader

USDCNH Sell the sharp breakdown

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OANDA:USDCNH   USD/CNH
Hi there,

USDCNH is in strong bullish trend and correcting on bigger term frame. This short term trade can turn to be a longer term sell.

Watch for the breakdown and look for sell on sharp breakdown.

In case price keeps correcting and close above the previous high then it will invalidate the sell setup.

Good Luck

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