Trade idea USDCNH long

2020년 6월 11일

USDCNH follows a medium-term uptrend. On 27/05/2020 the pair reached its previous high at 7.20 and got rejected. In the last two weeks we saw a decline back to the SMA200 at 7.0450 where we today saw a rebound in an environment of risk aversion and dollar strength. This situation gives a long engagements a very good return/risk ratio. Trade parameters are as follows:

- entry at current level of 7.08

- stop loss at 7.01 (conservative approach) or below 7.04 (aggressive approach)

- take profit at 7.195 for 67% of the position

2020년 7월 11일

거래청산: 스탑 닿음

stopped out