USDCNY Inverted H&S formation

USDCNY is testing the Inverted H&S neckline

 

USDCNY is testing the neckline of an Inverted H&S formation. A break above the 6.3943 is required for the upside reversal and a continuation higher. Only a break below 6.3500 can lead to an invalidation of this formation.

Note: look for the long trade entries with the stop loss below 6.3500

 

USDCNY bullish reversal

 

 

 

 

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