USD/CNY Trading Analysis (24/09/2025)
The trend is descending. The ascending wave structure has been truncated. The currency pair is trading within the 365-135 EMA range. There is a bearish divergence on the Awesome Oscillator.
Trade idea:
- Sell at the beginning of the descending wave structure's formation when wave A breaks the sloping channel of the ascending truncated structure.
- Place a stop-loss above the local maximum of the ascending truncated structure.
- Price targets are 7.1025 and 7.0940.
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