Yes, take my words.
Sell when price breaks the purple line, or else price will test upper grey line.
Recommend to short when price fail to stand above 6.90.
Fundamental:
1.USD---Bear will join to bring down the dollar as Trump's action scare out of investors.
1.1. When market is 99% sure of increasing interest rate, take the 1% side, because you will always win as the market manipulation is real.
2.CNY-Demand of CNY will increase as investors are now able to trade with HK(Hong Kong) Market.
Technically :AB=CD Finish.
Conclusion: No doubt CNY will find some buyer on this level and say good buy with the strong $ for a while.
Sell when price breaks the purple line, or else price will test upper grey line.
Recommend to short when price fail to stand above 6.90.
Fundamental:
1.USD---Bear will join to bring down the dollar as Trump's action scare out of investors.
1.1. When market is 99% sure of increasing interest rate, take the 1% side, because you will always win as the market manipulation is real.
2.CNY-Demand of CNY will increase as investors are now able to trade with HK(Hong Kong) Market.
Technically :AB=CD Finish.
Conclusion: No doubt CNY will find some buyer on this level and say good buy with the strong $ for a while.
Note
As ExpectedNote
Trade simple. Price drop 0.81% since this chart posted, and now just teasing the bear
Note
Tested the purple line as expected, and failed
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.