WyFotso
Short

Possible bearish breakout !!!

FX:USDCNH   U.S. Dollar/Chinese Yuan
7 1 0

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WyFotso
4 months ago
1. If a breakout happened on the downside, i will shorten my position , but wait for the second bearish candle before getting in

2. RSI bearish divergence tells me that the bulls are getting weaker, so the relief is near and could be an opportunity

3. Profit target , i took the fib inversion of the last swing to the upside and will exist at 1.618 fib ext level.
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