Yuan is getting stronger by the weeks........
I posted my prediction about shorting the USDCNH pair sometimes in November last year.......
Please read it here
This is an update of that post......
After breaking down the important 7 dollars price point, if the sell down continues which I believe it will, then the next 2 support level is 6.71 and 6.83. How long will it takes ? I don't know but for those who had followed me to short this pair, you may want to take partial profits and adjust your SL accordingly....... Congratulations !
Please DYODD
Please read it here
This is an update of that post......
After breaking down the important 7 dollars price point, if the sell down continues which I believe it will, then the next 2 support level is 6.71 and 6.83. How long will it takes ? I don't know but for those who had followed me to short this pair, you may want to take partial profits and adjust your SL accordingly....... Congratulations !
Please DYODD
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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.