3/Jun/2020:
If support zone (7.07-7.08) is good,
upper resistance zone, see (7.15~7.16),
which has two symmetries, one 0.618.
Next support zone, see (7.03-7.04).
Finally, we see USDCNY breaks out the upper limit from a triangle pattern .
On 25/May/2020, I wrote:
Two targets:
1. (7.20), this includes:
- the last all time high,
- one 1.272 and two 1.618
from previous swings.
- That's also an important
psychological level.
2. (7.171 - 7.176), these are
- two 1.272 extensions from
previous swing.
In Daily chart , it breaks out the previous downtrend channel . Now, go to 30m chart, I am looking for triggers.
If 30m 8/34 EMA crosses up, I will long Haidilao. My stop will be the previous low 33.4
In Daily chart, it breaks out the previous downtrend channel. Now, go to 30m chart, I am looking for triggers.
If 30 8/34 EMA crosses up, I will long Haidilao. My stop will be the previous low 33.4
