USDCNH - Plan 10/8

time frame D
USD in channel decreased over 2 months from 7,195 to 6,933. The end of August 7 is a green candle that closes at a lower level than the highest price of the day. This shows that the buyers were strong from the beginning of the day but at the end of the day there were signs of being weaker than the sellers.
Smaller timeframes have a divergence formation

Time frame H4
still inside the down channel, the price is facing resistance at 6.97

Time frame H1
price patterned 2 small peaks, RSI has a divergence, showing that the price is likely to decline to 6,954

Plan
Give priority to sell orders
1. Frame H1 if the price rises above the resistance zone at 6,972, wait for price action at the edge on the corresponding channel to the resistance zone at 6.988. If the price surpasses 6,988, consider a buy order with a stop loss at 6,972. (do not prioritize buy orders)
2. Frame H1 if the price falls, waiting for the price to break through the neck line at 6.954, set up a sell order with stop loss at 6.964 and target at 6.922, at 6.922 should consider giving a buy order if there are signs of a reversal.
3. Frame H4 price increased over the channel corresponding to the 9,854 zone, consider buying with stop loss 6.974, target at 7.023, respectively at this zone, consider a sell order.