USDCNH IN WYCKOFF DISTRIBUTION Short

USD/CNHOANDA

Description

⋅ Dec 2, 2022 12:56 PM

- Seasonally CNH is strong in DEC + JAN
- Seasonally USD is weak in DEC
- Technically a Wyckoff distribution seems to unfold
- A last upthrust / stophunt could happen but not likely
- Looking for a 1 deviation drop = sellside liquidity-zone

Comments

anjalishah1

⋅ Dec 5, 2022 7:55 PM

what are your fundamentals behind this

TheFxAce

⋅ Dec 2, 2022 3:14 PM

thanks for this