The US Dollar is going to zero. Any PB is an invitation to sell.
The USD pyramid scheme continuing its road to zero after a short term recovery.
As I said back then - idk when weeks ago several times - any usd "recovery" is just an entry to short the ponzi at a good price.
I would not pick any lame tiny pullback and I would have a small stop but not too small I can't (can anyone?) be precise.
But I think unless the USD crashes hard, I mean REALLY hard, I don't think there will be a mega brutal recovery.
So I'll bet on it when it bounces. Not sure yet but a stop of 1 ATR or less it what I'd go for it will depend on many things.
By the way I dropped the indicators that I said I used a few days ago, that did not last long 😂
They get in the way and are really annoying, they do not serve any purpose honestly they just looked good.
Obviously I use the ATR to sort of measure volatility and help size stops but I don't need it on the chart getting in the way.
Other USD pairs are good too but I think USDCNH could end up real violent.
It is accelerating since June. It is just getting more and more painful for whoever is foolish enough to be a bull (most likely the 3 retail traders that trade this pair are all furiously fighting the trend)
The chinese currency had its biggest daily rise since 2005...
China dumping its USD bags, foreign investors buying their currency and bonds.
The chinese government are not as eager to devalue their currency and are willing to let it get stronger now.
The pair of the world largest 2 economies (eurozone doesn't count you know what I mean and I'm not even sure they are up there right now) has a daily volume of $200 billion last I checked.
It has an amazingly low retail trader participation, something like 20 times less than absolute garbage NZDCHF, and seems likely alot of potential investor are not paying attention (but now they heard about it, keeps mooving lower and biggest move ever - since it unpegged to the usd 15 years ago), funds, private investors...
All the trend following sheep will join at some point. If retail paid attention they would buy due to low IQ but they are not relevant enough to make a pullback I do not think (and they'd sell the second it goes up rofl). Might not get good pullbacks yikes I hate when this happens. When it gets too extended no point even looking for one...
The more it goes down the more money manager take notice.
If it keeps going down because of a multi year fundamental reason at some point even Warren Buffett will come sell/buy.
The USDCNH is just leading so hard
It's going to zero. It's finally going to zero. 🔥🔥🔥🔥🔥🔥
As I said back then - idk when weeks ago several times - any usd "recovery" is just an entry to short the ponzi at a good price.
I would not pick any lame tiny pullback and I would have a small stop but not too small I can't (can anyone?) be precise.
But I think unless the USD crashes hard, I mean REALLY hard, I don't think there will be a mega brutal recovery.
So I'll bet on it when it bounces. Not sure yet but a stop of 1 ATR or less it what I'd go for it will depend on many things.
By the way I dropped the indicators that I said I used a few days ago, that did not last long 😂
They get in the way and are really annoying, they do not serve any purpose honestly they just looked good.
Obviously I use the ATR to sort of measure volatility and help size stops but I don't need it on the chart getting in the way.
Other USD pairs are good too but I think USDCNH could end up real violent.
It is accelerating since June. It is just getting more and more painful for whoever is foolish enough to be a bull (most likely the 3 retail traders that trade this pair are all furiously fighting the trend)
The chinese currency had its biggest daily rise since 2005...
China dumping its USD bags, foreign investors buying their currency and bonds.
The chinese government are not as eager to devalue their currency and are willing to let it get stronger now.
The pair of the world largest 2 economies (eurozone doesn't count you know what I mean and I'm not even sure they are up there right now) has a daily volume of $200 billion last I checked.
It has an amazingly low retail trader participation, something like 20 times less than absolute garbage NZDCHF, and seems likely alot of potential investor are not paying attention (but now they heard about it, keeps mooving lower and biggest move ever - since it unpegged to the usd 15 years ago), funds, private investors...
All the trend following sheep will join at some point. If retail paid attention they would buy due to low IQ but they are not relevant enough to make a pullback I do not think (and they'd sell the second it goes up rofl). Might not get good pullbacks yikes I hate when this happens. When it gets too extended no point even looking for one...
The more it goes down the more money manager take notice.
If it keeps going down because of a multi year fundamental reason at some point even Warren Buffett will come sell/buy.
The USDCNH is just leading so hard
It's going to zero. It's finally going to zero. 🔥🔥🔥🔥🔥🔥