USDCNH: RMB has topped
Updated
After forecasting the path this pair would take with considerable precision, I jumped on the short side.
Presently we have short positions running, and we plan to add to them as described on chart.
The target is a time at mode 17 bar decline target's, but it could extend further down, maybe even to the mode at 6.21329.
This pair has been really volatile, and trending excellently, both up, and down, so it has become one of my personal favorites. It's also useful to analyze it, and other Asian theater currencies, to have a sufficiently precise macro view.
Good luck if taking this trade.
If interested in my services, contact me privately, see my profile for details.
Cheers,
Ivan Labrie.
Presently we have short positions running, and we plan to add to them as described on chart.
The target is a time at mode 17 bar decline target's, but it could extend further down, maybe even to the mode at 6.21329.
This pair has been really volatile, and trending excellently, both up, and down, so it has become one of my personal favorites. It's also useful to analyze it, and other Asian theater currencies, to have a sufficiently precise macro view.
Good luck if taking this trade.
If interested in my services, contact me privately, see my profile for details.
Cheers,
Ivan Labrie.
Trade closed: stop reached
I was in from above, got stopped while trailing down, and the last limit sell failed, overall in profit.Sadly we didn't get this last one.
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ivanlabrie.substack.com/
ivanlabrie.substack.com/
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