coltsrule7

Long USDCNH touching 3 year trend line & 200 Week SMA!

Long
FX:USDCNH   U.S. Dollar/Chinese Yuan
After the 1.5 year trend break a while back the Yaun has been on a massive bull run(Remember the Yaun is stronger when the USDCNH falls), but now it is hitting the original bearish trend line at the same time as the Chinese government is making it easier to bet against the Yaun given that they are no longer worried about an uncontrolled bear market. The setup is prime. The RSI is also indicating that the USDCNH is over sold. I told you to short the dollar yaun at the last trend break and I was correct. Now I see another reversal on the horizon.

Idées en relation

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.