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OFFSHORE CHINESE YUAN / U.S. DOLLAR

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CNHUSD trade ideas

Did you get 4 out of 4 shorts windfall ?Most likely not unless you are very experienced in shorting in sideway markets. Drawing on the chart after the patterns has formed is easy. Firstly, the emotions will come in to stir you to bet bigger had you win the first round. And your head gets big, thinking to yourself you had it all figured out. Viewers look at the chart and say : wow, imagine I can do this every day. No , the fact is you won't do this every day unless you are professional trader. You require precision entry to maximise the profits and precision exit as well. That means you need to be watching the screen all the time. Do you have that luxury ? You may be staring at the screen for several hours as well. Do you like that ? So, let's be grateful for the profits we have made, no matter how big or small and learn to keep calm when things ain't going our way sometimes.
Long
by dchua1969
USD/CNH. AUD/USD 3/17 GDP Event Risk02:00 UTC Friday the 17th will be a notable event for key-event risk going into next week. The problem with this print is that Chinese GDP will be looked at with a very high degree of doubt. I don't think it will move the USD/CNH as much as it will move the AUD/USD, the world 's FX proxy to the Yuan. This includes the AUD/USD and the AUD/YEN. The AUD/USD doesn't have the same manipulative capacities to falsify their data the way China does so I think watching the AUD/USD at 0200 on 4/17 for those looking for easy money. 09:56:56 (UTC) Sun Apr 12, 2020
Short
by TayFx
2