Yuan Strength ContinuationFundamentals & Sentiment
USD:
- Middle East tensions reaction seems exhausted
- Mixed recent economic data
CNH:
- Relaxed restrictions on home buying should stimulate yuan demand
- Chinese stock market should drive the demand for yuan
Technical & Other
Setup: Other - S(RTF), No Stop Hunt
Setup timeframe: 4h
Trigger: 1h
Medium-term: Down
Long-term: Down
Min target: Local lows
Stop loss: 0.27%
Position size: 0.5R