CNHJPY - Massive SHORT!! The pair that just keeps on giving ...... and giving, and then give some more.
Should one lack the inclination to deal with everyday FX volatility (or with the lack thereof) then this is the pair to be SHORT , in George Foreman style, ala; "Just set it and forget it!"
Simply put, China's absolute best hope (just a dream, really) to survive it's oncoming demographic (industrial, deurbanization, and ... ) collapse to somehow muddle through one of it's worst decade and a half well under way, to transition through total "Japanification". (This is only a hope, requiring lots and lots of luck to pull it off.)
This is undeniably China's best possible future scenario, all else being a far inferior outcome.
Consequently, as Japan is snapping out of it's 30 year slumber just as China "hopes" to achieve Japanification, this pair (provided any future convertibility of the Yuan) will mirror that process, obviously like no other.
E.g. SELL it (Short) for good! (through about 2035 and possibly beyond.)
Here is the Weekly;
SHORT it anywhere here!
p.s. The scenario outlined in the main (monthly) chart is only a near-term outlook (12-15 months out), severely understating the potential ultimate (Short) mileage in this pair.
Cnhjpybreakout
CNHJPY 1hr 1month wedge breakout to the upsideSimilar to the NZDUSD breakout play; we have consolidation along the upper edge of the wedge. This is a clear indication of impending breakout to the upside.
When the price hits that first moving average we will move the stop up to break even to lock in potential losses.
