FX:USDCNH   U.S. Dollar/Chinese Yuan
On the weekly time frame USDCNH had formed a double top pattern, on the completion of the double top pattern there was a confluence of horizontal and diagonal resistance. On the daily time frame the candlestick closed below the uptrend trend line which confirms a breakout and it can be expected that Monday's candlestick appears below the trend line which now acts as resistance level.
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