Gooday Traders! Do put in mind the somewhat unrest the UK general elections has brought to the market lately which did alter a lot of technical structures as this also might not play out as well.
However, from what im seeing on the USDCNH chart, price has been forming a rising wedge pattern and with what i see, there's still room for more bullish action.
Lately, price formed a bullish flag pattern, which confirms our bullish stance once again.
While this is kinda a weekly setup, i'll be watching D1 and H4 closely for confirming price action to pull the trigger.
Remember proper risk management is crucial.
Do well to follow, like and comment.
However, from what im seeing on the USDCNH chart, price has been forming a rising wedge pattern and with what i see, there's still room for more bullish action.
Lately, price formed a bullish flag pattern, which confirms our bullish stance once again.
While this is kinda a weekly setup, i'll be watching D1 and H4 closely for confirming price action to pull the trigger.
Remember proper risk management is crucial.
Do well to follow, like and comment.