We have a huge Void below us and the Yuan has Rallied away from this Void before, but it appears to now be making a Lower High with Hidden Bearish Divergence on Both the RSI and MACD; If the Yuan Breaks Below the B point of this Potential Crab BAMM which also happens to be The Confirmation Line of what would then also be a 3 Falling Peaks Pattern, we will very likely then see Downwards Acceleration Towards the 1.618 Fibonacci Extension Below to Complete the Harmonic Pattern
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The CNY has continued to follow the projection down and has recently broken below the B point and back-tested it as resistance thereby also confirming the Confirmation Line of the 3 Falling Peaks. I now expect the downward action to accelerate towards the 1.618 Target.
How do you trade CNY? For all retail Dutch investors it is impossible to speculate on CNY volatility due to legal rules prohibiting us from entering the CNY market "for our protection".
RizeSenpai
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@TeunisDokter, I trade the Yuan on Oanda via the USDCNH pair