MrRenev

USDCNH to retest 6.8

Short
MrRenev Updated   
FX:USDCNH   U.S. Dollar/Chinese Yuan
Not supposed to raly like this. USD not that strong. On this chart it is at a premium compared to normal.


Also, USDCNH has been following USDTRY with a delay:


USDSEK went down too even. Time for USDCNH.

Comment:
Getting close to some significant levels.
I hope sellers eat straight throught :D
I am not sure if moving a stop loss now is a good idea, I won't, once it goes below support thought, I will.

Comment:
Delusional bulls keep buying up every dip I am crying.
And with summer coming this could get slower.
I don't trade currencies so I can wait 6 months for a move like with crypto.
Help me. Should not take a whole semester either. Maybe a month or two, maybe it just stays there until September, but it should fall. If it takes too long... Maybe get out?

Comment:
Excellent!
Delusional bull finally succombed.
I hope we will make good progress by the end of the week :)


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