{"id":166470,"date":"2020-03-13T11:30:58","date_gmt":"2020-03-13T15:30:58","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=166470"},"modified":"2020-03-13T10:34:34","modified_gmt":"2020-03-13T14:34:34","slug":"usdcnh-structure-looking-impulsive","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/usdcnh-structure-looking-impulsive\/","title":{"rendered":"USDCNH: Structure Looking Impulsive"},"content":{"rendered":"
March 13, 2020<\/div>
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By <\/strong>Orbex<\/strong><\/a><\/p>\n

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The current USDCNH wave structure suggests that we are at the beginning of a new bullish trend. This is likely to be a 5-wave impulse move consisting of primary waves \u2460-\u2461-\u2462-\u2463-\u2464.<\/p>\n

With waves \u2460 and \u2461completed, we can now expect the intermediate wave (1) to form a new high.<\/p>\n

Intermediate wave (1) consists of five minor sub-waves. All minor waves, apart wave 4 and 5, have been completed.<\/p>\n

When PA forms minor wave 4, we could then see minor 5 breaking new highs above 7.057. That is, above the previous high formed by primary wave \u2460.<\/p>\n

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An alternative view suggests that the bearish primary wave \u2461 isn\u2019t completed yet. The bearish pattern reminds a zigzag that consists of intermediate sub-waves (\u0410)-(\u0412)-(\u0421).<\/p>

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In the scenario this structure is correctly identified, we can expect to see a decline in wave (C) towards the 6.905 region.<\/p>\n

By <\/strong>Orbex<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Orbex The current USDCNH wave structure suggests that we are at the beginning of a new bullish trend. This is likely to be a 5-wave impulse move consisting of primary waves \u2460-\u2461-\u2462-\u2463-\u2464. With waves \u2460 and \u2461completed, we can now expect the intermediate wave (1) to form a new high. Intermediate wave (1) consists […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-166470","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=166470"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166470\/revisions"}],"predecessor-version":[{"id":166475,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166470\/revisions\/166475"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=166470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=166470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=166470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}