US Dollar/Chinese Yuan - Bullish Setup (Swing Trade)

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Hello Traders! Welcome to my post, today we are looking at USD/CNH and we have identified the following confluences to support this high-probability setup:

-Major 61.8 Fibonacci retracement
-Major 1.618 Fibonacci extension
-Major 1.272 Fibonacci projection
-Intersecting trendline and counter-trendline
-Bullish divergence

Stop Loss: 6.90000
Targets: 7.04000, 7.06000, 7.08000, 7.125000

Risk to Reward Ratio: 2.75

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Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.

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