USDCNY Bearish Leg confirmed after this 1D MA50 failure.The USDCNY pair has technically topped as it broke below its 1D MA50 (blue trend-line) and upon a re-test, it got rejected. This test-and-fail pattern is seen during both previous Bearish Legs in the past 15 months.
Even the 1D RSI is identical among all three fractals and they both ended up declin