SchollD
Short

USDCNH - Strong resistance - long term - double top

FX:USDCNH   U.S. Dollar/Chinese Yuan
Description in the Chart
Comment: USDCNH made a lower high! We can adjust the SL to 6.91
Might break the shortterm support at 6.884 tomorrow
Trade closed: stop reached: Pattern invalid. Will look for a new entry.
Comment: Usdcnh clear return to our entry
Open short now, Sl 7
Comment: Price is at 6.8 now. Nice break of support, may retrace and swim for a while but Chances are good we go down. Good luck

Comments

I do not think the USD/CNY have been driving by free market. That price will go where the PBOC says to go. More tariff more up will go.
+1 Reply
SchollD flimongi
@flimongi, thanks for your opinion
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out