USDCNH - Evergrande aftermath
Updated
China's 2nd largest real estate developer just defaulted. Debt crossed 600B USD
Note: Lehman was liquidated for 600B, also owned by many international banks
Trade: long USD demand for dollars and CCP may devalue its currency to bail out Evergrande.
Note: Lehman was liquidated for 600B, also owned by many international banks
Trade: long USD demand for dollars and CCP may devalue its currency to bail out Evergrande.
Comment
Previous order did not trigger. Waiting for the small correction to tire outTrade active
Entered with SL at 6.40Trade closed: stop reached
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