USD/CNH ShortMarket needs some correction after that kind of rally. Bulls are exhausted.
Prices didnt break 6.7 and as u can see this is an important history level.
RSI, MFI, and CMF are all reversing, after peaking like mad. (on the 4hrs).
The 30 minutes already completed the inside bar pattern, hourly vvill make it in 10minutes if it closes belovv 6.684.
I believe in a correction that could bring us dovvn to 6.6 or 6.52 area.
Maybe lovver. But those are my first 2 TP's. Stop Loss above 6.7.
You can see asvvell that GOLD is trying to bounce, vvhich is inversely correlated to USD.
I vvas able to catch some entries above 6.69 so I think I'm really fine on that one but it could be vvorth jumping in the train novv! VVait for some bounce and short it might be a nice idea. I'm expecting the correction for at least this vveek and I'll keep updating along the vvay, could stay until end of month maybe, depends on many things.
Thanks for reading!
