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HouTianTan

USDCNH Short Target 6.7200

Short
U.S. Dollar/Chinese Yuan (FX:USDCNH)  
HouTianTan  
FX:USDCNH   U.S. Dollar/Chinese Yuan
CNH USDCNH USD Triangle Elliott Wave houtiantan short LONG fed
4
0
cnh usdcnh usd triangle elliottwaves houtiantan short long fed
The appreciation of Chinese Yuan against the US Dollars on the 3rd of January to 5th is a strong signal of a longer term strength of the CNH. The Yuan has been in a consolidation state since then, and is now trading near the upper band of the range.

Short the pair using a market order with a stop-loss of 6.8866 with a Profit Target of 6.7200.
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