FOREXEL
Short

USDCNH - Planning ahead for a double top at the supply zone

FX:USDCNH   U.S. Dollar/Chinese Yuan
42 0 5
Not fun to trade a double top after the fact and it is clearly visible and confirmed on the chart. This since one miss out on getting a good price. I would like to enter a short around 6.1755 area where it has bounced before, but the weekly chart closed with a double top and that could actually be the re-test from the breakout in early October so watch current level closely. It could take off south from here. Or it will break the resistance and head for another (possible) double top at 6.1755-ish. Lets see
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