USD/CNH currency pair analysis
The general trend is descendant. The ascendant wave structure is truncated. The currency pair fluctuates between 365 and 135 moving averages. Awesome Oscillator indicates bearish divergence.
Trade idea:
Sell when the descendant wave structure forms, as the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss — 6.3316.
Target level — 6.3080.
