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Valentasm
May 29, 2019 7:32 PM

USDCNH possible fib50 Short

USD/CNHOANDA

Description

Why to
If pair wont make HH it is good sign to sell
240 RSI 60
I still think China have some secret weapons
We are seeing some signs of slowing USA economy (as everywhere).
RR is good

Why not
Trade wars
Pair is very unpredictable

Comment

I think everything will be clear after weekend. China actions on tarrif. Some source state that china have strong card. China hinting about making "foreign companies it may blacklist as “unreliable.”". If china will start we could see weakening USD in all pairs.

Comment

Wrong chart :)
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