USDCNH Short trade Idea Medium term
Updated
Talks of rising US-China tensions has given some light with regards to what one can expect in the market within USDCNH with the month
to come. Things are of course stilll uncertain, however the wave count seems to be corresponding with fundamental speculations. A break
out of the guideline would signal a change in trade bias. A rare pattern called an expanding diagonal has formed. Since these are crazy
market times, I don't think it's a coincidence that rare patterns are surfacing.
Targets:
-6.90800
-6.86400
-6.83000
I hope you enjoy this analysis, if you do please let me know down in the comments. I would appreciate your perspectives as well.
to come. Things are of course stilll uncertain, however the wave count seems to be corresponding with fundamental speculations. A break
out of the guideline would signal a change in trade bias. A rare pattern called an expanding diagonal has formed. Since these are crazy
market times, I don't think it's a coincidence that rare patterns are surfacing.
Targets:
-6.90800
-6.86400
-6.83000
I hope you enjoy this analysis, if you do please let me know down in the comments. I would appreciate your perspectives as well.
Trade active
Here is the refurbished version of the above analysis
Note
Update, SL moved to break even
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