as we seen a divergence on weekly time frame and also a previous completed wolfe wave we believe that euro will increases against CNY
tp/s are specified based which is first one is on the ema200
any comments please share
Quite a similar picture to EURJPY. Pivot confirmed here and we are in impulse. Goals are in green, invalidation in red. This is not financial advice, please do you own research and for chrissake's think for yourselves.
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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%...