USCNH : HEAD & SHOULDER SETUP
USDCNH has displayed a 5 wave up and a high probable head & shoulder bearish formation with the neckline (NL) broken. Correction is in progress with waves A-B-C couple with Head & Shoulder formation and technical objectives seem to point commonly to a zone worth noting.
Interestingly, correction is 0.236% of the move down from wave b to recent low suggests weakness and any down thrust may lead prices to technical objective.
Interestingly, correction is 0.236% of the move down from wave b to recent low suggests weakness and any down thrust may lead prices to technical objective.
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