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eyeseeart
Aug 7, 2023 6:38 AM

USD/CNY Short

U.S. DOLLAR / CHINESE YUANICE

Description

FX_IDC:USDCNY Price is at a tough spot and I should wait to make a guess. Price could break out of the triangle and retest the resistance zone(I didn't mark it but it will be the last high)before it shoots up -OR it will come back down to the daily support and continue in the range. All I can say for now is that I'm watching to see if a "death cross" will form from the 200 ema and the 20 ema.
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