USDCNH: Weekly downtrend expirations...
Weekly T@M signals imply $USDCNH might be basing before rallying from this juncture. Will be interesting to monitor developments in this pair, as fundamentals present complex issues, related to trade talks with the US and the price of commodities as well.
The largest distribution pattern led to a signal that exceeded the target, but ran out of time, followed by a smaller distribution pattern, which is 1 week before its time expiration. IF price doesn't go any lower, odds are this pair bottomed here and will retest recent highs, and possibly trend even higher over time.
Best of luck,
Ivan Labrie.
The largest distribution pattern led to a signal that exceeded the target, but ran out of time, followed by a smaller distribution pattern, which is 1 week before its time expiration. IF price doesn't go any lower, odds are this pair bottomed here and will retest recent highs, and possibly trend even higher over time.
Best of luck,
Ivan Labrie.
Comment:
Scary to see this forecast pan out...
Comment:
Reminds me of 2015, when stocks sold off dramatically and didn't cool down until the elections.
Trade closed manually:
Probably going to go sideways here for a while, maybe accelerating again after markets peak later this year, perhaps by September, as crypto markets start to move up long term again. ($ETH might surge ahead of this, but might break ATH by then)
Probably going to go sideways here for a while, maybe accelerating again after markets peak later this year, perhaps by September, as crypto markets start to move up long term again. ($ETH might surge ahead of this, but might break ATH by then)
Comment:
Right now, odds of trending further decreased significantly, but I'd still take a bullish bet if a new weekly trend signal forms.
Right now, odds of trending further decreased significantly, but I'd still take a bullish bet if a new weekly trend signal forms.
