ridethepig | USDCNH into the elections

📍 USDCNH into the elections
Oct 2020

Markets are moving quickly.

Sellers completed the third wave target at 6.629x as widely expected. The pullback we are tracking in wave 4 is now brilliant proof of a lust to expand even further down.

ridethepig | USDCNH Market Commentary 2020.09.22


In the 2020 macro chart, we are ahead of schedule and a healthy pullback into the elections, followed by an exchange lower seems like the pragmatic play.

ridethepig | USDCNH Long Term Macro Playbook


Of course if you are short from above you have nothing to do but continue to add on pullbacks, but for those wanting to get closer to the flows, a leg back towards 6.85x seems highly likely.

Thanks as usual for keeping the feedback coming 👍 or 👎

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