After the rejection from the key level forming a tweezer top, the bearish bias in the price action could be forecasted. Expecting the bearishness in the price action to continue and trigger the short order, following close due to the next support zone blue-dotted line, as the price can find some rejection at the level The order: Type: buy-limit S/L: 25 pips -...
Time to flip it short! This will work if the wave continues; this is basically the same as my USDCAD long, except it looks like the move will be exaggerated by the combined move on USDCNH + USDCAD.
They are having a rough time trying to keep the currency in line; I expect them to push Reminbi lower again since it is almost at levels past their devaluation target. If their market crashes again the pattern was intense selling of the reminbi for any other pair. Since they said they would not prop their stock market any further I think the party is just getting...