MrRenev

Bullish USDCNH showing signs of bearish divergence

Short
MrRenev Updated   
FX:USDCNH   U.S. Dollar/Chinese Yuan
Let me short that real quick.
I am risking very very little and already using over 20% of my margin on one of my 2 FX brokers.
Really feeling the awesome new regulations. I am going to get capped really quick, if I dare take more than a few trades in october when activity resumes.
I will not be allowed to hold winning positions as swing trades?
Trade active:
My stop loss is not very far so I don't risk much, I feel like this is gambling :D

Comment:
23 minute left to get a reversal candle on 4 hour, not that it is a strong signal, just something reassuring when you are already short.
Comment:
Still a long way to go before I am satisfied, maybe I go to bed and when I wake up it dropped much further? :D

Trade closed: stop reached:
I hate summer...
Comment:
Oh crap I check the chart & before I took the trade it had already tested resistance and retraced once.
Wups, my bad XD
My system clearly states I should not short something it it ALREADY rejected resistance once.
Wupsi.
I barely get any trades and I did not bother checking the chart before taking this one. Lazy fatass...


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.