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Usd/Cnh – Potential Bullish Price Action

  • Jan 9
    Even though the U.S trading markets are jittery regarding the first
    presidential debate between the incumbent and his opponent, market
    speculators are uniquely unfazed and as they look bullish as current
    price action structure suggest a high chance of buy set up momentum as
    buyers rejecting any price bid to the downside shoved by the sellers.To
    get more news about WikiFX, you can visit wikifx official website.

      The price handle level 6.81010 has been for four days now and
    tested now three times, been buyers demand zone block and with
    supporting confluences of the minor lower trend line and the 50 MA as
    support channel and band respectively and as you can view on the four
    hour chart a long red piercing candle at the moving average line.

    The bigger play for market participants are looking at if there will a
    break past the low level line of August trading session and if there
    will be a breach and retest of the same, then buyers will be angling up
    in full throttle. Inversely, if it may happen that the fresh new support
    line holding for the last four days is breached to the downside, then a
    temporal shift of unexpected news cycle just dropped and caused a drop
    in buying sentiment.

      Of course, ones discretion and risk management is advised.

      Jasper Njuguna is a self-taught discretionary financial markets
    trader. With cumulative 5 years experience trading the markets and out
    of which, one and a half years of that as a prop trader, trading large
    and mid-cap American equities at one of the DAY TRADE THE WORLD offices.

      Prior to switching career interest to trading, I have 9 years of
    experience in senior management roles driving small to large business
    development and B2B relations in creating and implementing; learning
    & development solutions, programs, organizational strategies &
    frameworks, and blended learning approaches for companies and
    institutions in Africa.
  • Mar 15
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