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Bears Have Won
USD/CNH
Short
Bears Have Won
By ChrisLaw1
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Jan 4, 2023
1
Jan 4, 2023
📏 USDCNH went below the channel's lower border, a solid indication of a potential continue of the downtrend.
🐻The consolidation may result in another bearish wave. Thus, we are looking for a Sell trade when the price breaks through the 6.880.
✅ Take Profit: 6, 866 and 6.850
🛑 Stop Loss:: 6.905
Trend Analysis
ChrisLaw1
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