USD/CNY Trading Analysis (10/05/2024)

The trend is descending. The currency pair is traded in the range between 365 and 135 ЕМА. The ascending truncated wave structure finished with the breach of the sloping channel. There is bearish divergence on the Awesome Oscillator.

Trading idea:

Buy at the breach of 7.2200.

Stop-Loss at 7.2346.

Target price levels at 7.2050 and 7.1890.

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