USDCNY short. w46 2020 Short
U.S. DOLLAR / CHINESE YUANICE
Description
⋅ Monthly
Downtrend Overall
Bearish market = only sell positions
Looks like pullback in downtrned
Weekly
Downtrend strong. No much support of buyers - quick
Daily
Downtrend - enters on pullback.
Good time to short due to
1. Asia created block against USA. Strenght CNY.
2. DXY rather will be weak due to quantative easing policy. Weak USD.
RSI no so oversold
Open
On pullback 6.5750
TP 6.4850
SL 6.6000
RR 3.3