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Short

USDCNH: Looking For High Probability Shorts At Key Level! #Forex

FX:USDCNH   U.S. Dollar/Chinese Yuan
163 9 3
Traders,

Landing on our laps again, is another opportunity to short USDCNH             at another key level. As you know by now I only trade Key levels of anything I trade and this is probably a key level.

Looks very bearish , and at a time where USDCNH             is still trying to find a mean price in terms of fundamentals & technical structure, it's a good opportunity to jump in and wait for mean to be succeeded. Target would be 6.2670's at best, cant see why not.

Note the 200MA should wrap around target area in this short, so be prepared to TP when the lows of this trade are hit (As money managers will almost certainly acknowledge this pair hitting the 200 and may buy large position depending on circumstances at that time. (Trust me I would know this)

Best of luck,
Tom

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Looks great.
Reply
Yes. We made good money here.
+1 Reply
IvanLabrie PRO TomProTrader
I need to start trading this pair. My current broker has it, and with good spreads.
I'll give it a go, it works so beautifully all the time.
Reply
Yep, if you acknowledge key levels it's amazing.

Not sure what it comes under as, it's majors (I) (II) (III) one of the three.
Reply
TomProTrader PRO TomProTrader
No one cares for Yuan tbh. But USDCNH is the best opportunity for liquidity AND volatility you're ever going to get.

I also care a lot for Philippine Peso. Developing, inconspicuous, shrouded in corruption and more inconspicuous than a white man in Jamaica. It's a pair to be investing in!.

Tom
Reply
TomProTrader PRO TomProTrader
Not pair, correction. I just mean Philippine Peso in general, is a growing thing. With whatever you see fit.
Reply
IvanLabrie PRO TomProTrader
I haven't checked, I'll look into that. Thanks!
I do like the rapid blasts here. :D
Reply
Keep the Philippine Peso quiet, its a stroke of inconspicuous genius.

Tom
Reply
IvanLabrie PRO TomProTrader
Ha!
I will...lips are shut.
Reply
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