The wave V will probably extend and moon. The red line is the alternative that wave V could be delayed for a few weeks.
Look at the chart and the channel, a ABC of 6 years is over. Expect USDCNH to go blow 6.
Since 2008, each of the impulse wave is consist of 3 subwaves. I have never seen this ever in the history. But this looks right.
Wave 3-2-A retraced 50% of Wave 3-1. We expect to see wave 3-2-B and 3-2-C; that's sideways for couple of weeks before we move up into 3-3.
The wave 3-1 has completed. We are in progress of wave 3-2.
Looking at the chart, a trade deal is possible as the trend is clearly up.
The news pump and dump is over. You can simply ignore the price points between Oct 24 and Nov 24, so that the whole 2019 is a simple 1-2-3-4-5-A-B-C, which is wave 1 and wave 2 of the bull run. The wave 3 have started.