After the 1.5 year trend break a while back the Yaun has been on a massive bull run(Remember the Yaun is stronger when the USDCNH
falls), but now it is hitting the original bearish trend line
at the same time as the Chinese government is making it easier to bet against the Yaun given that they are no longer worried about an uncontrolled bear market. The setup is prime. The RSI
is also indicating that the USDCNH
is over sold. I told you to short the dollar yaun at the last trend break and I was correct. Now I see another reversal on the horizon.