EURCNY - 5 months CUP & HANDLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- sin
EURO / CHINESE YUAN
No trades
No trades
In-depth trading ideas
Shooting off with the CNYEURBullish impulse detected. Going up, boys and girls. I always say this, and I will say it again, nothing I say is financial advice. Think for yourselves! Fibonacci goals in green or purple, invalidation is in red. Fractals never lie and Fibonacci series shows us a few goals out of a million or more possibilities.
📘 A small but very useful book! TRADE DIARY is most important!👨💻 Do you want to earn money on the exchange? I am sure that many people will answer this question in the affirmative-YES! Do you know what you need to do? Develop your own trading system and follow it clearly, recording all your trades and analyzing them after completion! If you don't, you probably don't earn any money. By the way, in a recent correspondence with Alexander Elderom, he confirmed it to me, said that of all that he did in trade — the most important thing is to KEEP a DIARY of TRA
CNYEUR, Triangle Descending (bullish)STATUS = Confirmed
CURRENT CONFIDENCE = 64%
TARGET (EXIT) PRICE = 0.125539 EUR
BREAKOUT (ENTRY) PRICE = 0.125210 EUR
DISTANCE TO TARGET PRICE = 0.27% (3.3 pips)
EMERGED ON Jul 15, 10:00 AM (UTC)
CONFIRMED ON Jul 15, 03:48 PM (UTC)
WITH CONFIDENCE LEVEL =75%
Tickeron AI shows that the Descending Triangle pattern is formed when the price of a pair establishes a support level (1, 3, 5) and bounces off that level to a declining resistance level, creating a down-sloping top line (2, 4). The breakou
CNYEUR, Triple Bottoms (bullish)STATUS = Confirmed
CURRENT CONFIDENCE = 63%
TARGET (EXIT) PRICE = 0.125338 EUR
BREAKOUT (ENTRY) PRICE = 0.125110 EUR
DISTANCE TO TARGET PRICE = 0.09% (1.1 pips)
EMERGED ON Jul 15, 10:00 AM (UTC)
CONFIRMED ON Jul 15, 02:17 PM (UTC)
WITH CONFIDENCE LEVEL = 72%
Tickeron AI shows that the Triple Bottom pattern appears when there are three distinct low points (1, 3, 5) that represent a consistent support level. The pair tests the support level over time but eventually breaks resistance and makes a s
CNYEUR Chart, Rate and Analysis — TradingViewCalculation For Trading:
Resistance Level: 7.955
Resistance Level : 7.891
Resistance Level : 7.846
Support Level : 7.738
Support Level : 7.674
Support Level : 7.630
If you are looking for Forex pairs with good return, EURCNY can be a profitable investment option. EUR/CNY rate equal to 7.787 at 2020-03-03 (today's range: 7.747 - 7.802). Based on our forecasts, a long-term increase is expected, the Forex rate prognosis for 2025-03-01 is 7.799. With a 5-year investment, the revenue is expected to
Buying Chinese Yuan or shorting the EURCNYThe ERUCNY pair seems to be making a retracement after the run-up that started in June and lasted until September 2018.
I will be trading this unleveraged. I am just buying and holding Chinese Yuan without using a broker that lends me money to leverage my bet.
Target 1 is at the 50% retracement of the June-September move.
Target 2 at the 68% and target 3 at the74% retracement level which also aligns with a support and resistance level.
I will sell the Yuan if or as it hits these targets or if th























