USD/CNY Trading Analysis (14/05/2024)
The trend is descending. The currency pair is trading in the range between 365 and 135 ЕМА. The ascending wave structures are truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought state.
Trading idea:
Sell when the formation of the descending wave structure begins, when the …