👨💻 Do you want to earn money on the exchange? I am sure that many people will answer this question in the affirmative-YES! Do you know what you need to do? Develop your own trading system and follow it clearly, recording all your trades and analyzing them after completion! If you don't, you probably don't earn any money. By the way, in a recent correspondence...
The ERUCNY pair seems to be making a retracement after the run-up that started in June and lasted until September 2018.
I will be trading this unleveraged. I am just buying and holding Chinese Yuan without using a broker that lends me money to leverage my bet.
Target 1 is at the 50% retracement of the June-September move.
Target 2 at the 68% and target 3 at the74%...
I think the EUR will continue depreciating and appreciating against the CNY as shown by the general trends it seems to be following. There's consistent, although there's not 100% contact with the support and resistance lines. Maybe like 90%?
So hopefully it continues along this trend!
Critique away please :) .