EUR/USD has approached the broken ascending channel for the second time now:
On H4, near the broken uptrend, the price has formed an engulfment, so we sell the pair at current prices:
With the CHN, we have approached the descending channel. As the reverse bearish candlestick signals form (shooting star, engulfment, dark cloud cover), we shall sell USD/CNH. Our base scenario is 6.4000 level, which is where we aim at on the broken ascending channel:
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