EURCNH - 1 -> 0 -> 1.272 once more? Short

Euro / Offshore Chinese YuanFOREX.com

Description

⋅ Mar 1, 2020 11:07 AM

Just a placeholder for now, since I'm not sure if there will be another high here - in this case, I'll have to adjust second Fibonacci and yellow line. Let's see how it will behave in the next week.
(inspired by @ridethepig idea: tradingview.com/chart/EURCNH/cJH3gTxB-ridethepig-EURCNH-Market-Commentary-2020-03-01/)

Daily chart:

Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)

⋅ Mar 2, 2020 7:47 AM

Updated to new local high, not much difference, main target remains 7.5000.

⋅ Mar 2, 2020 8:02 AM

And added small short.

⋅ Mar 2, 2020 1:39 PM

SL reached. Will be back :)

⋅ Mar 3, 2020 2:49 PM

Shorting here.

⋅ Mar 4, 2020 12:36 PM

Added more on break of 7.725.

⋅ Mar 5, 2020 8:06 AM

Adding small chunks to short.