20.07.2021
USDCNH
The round level of 6.500 deters buyers. The ascending wave pattern is truncated. There is a bearish divergence on Awesome Oscillator, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.
Stop Loss for the round level of 6.500.
At the support level of 6.451, the transfer to breakeven.
Target levels: 6.420; 6.390
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