JoE
Long

Chinese yuan starting to fade.

FX:USDCNH   U.S. Dollar/Chinese Yuan
Dragon of the east as they say sparked the eye but fare tale can never be real.

Under the threat of global recession, US-China trade war, awakening young that don't believe in the gov's propaganda anymore, the yuan will eventually evaporate just like the collapse of the soviet union.

This is a short term trade but with very high risk reward & probability, will turn out to be a hell of a trade in a few months time.
Trade active: Delicious like Chinese food. LOL
Comment: Yike! PBOC jumped in to manipulate, just added to it. FRB have provided liquidity to
central banks of most developed countries except China, don't forget China still has to buy ridiculous amount of corn form the US
Comment: Still here, I bet the PBoC can't hold it up together anymore, this mini bull flag will breakout soon. Target 7.25 ~ 7.33

Comments

Good analysis, check my work
Reply
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