CUP OF CHINESE COFFEE ANYONE?

Probable nice CUP O´COFFEE Formation in the Yuan.
Devaluation has been happeningin steps of 150pips. so this could be a long and paced devaluation (but pretty safe according to Macros).

Macro Astro Mr. Kyle Bass has cited:





KYLE BASS: 'We are facing the largest macro imbalance in global history'
Rachael Levy 01 Jul 2016 6:58 PM 611

Kyle Bass.
"We are facing the largest macro imbalance in global history."
That's according to Kyle Bass, founder of hedge fund Hayman Capital Management.
Investors better prepare for a Chinese crisis that will mimic what happened in the US mortgage crisis, Bass said in a Friday interview with Real Vision Television.
"When I look at what's happening now in China, the amplitude of what's happening is two, three, or four times what happened in the US," he said.
Here are Bass' main points:
*The Chinese are going to have to accept a devaluation of the yuan.
When the Chinese crisis hits, the Chinese are going to have to react similarly to the way central bankers did after the mortgage crisis.
"They're going to expand the PBOC's [People's Bank of China] balance sheet. They're going to slash the reserve requirement. They're going to drop the deposit rate to zero. They're going to do everything the US did in our crisis," he said.
And it won't look good. "Every single thing the Chinese central bank has to do is currency negative for them."
The takeaway? You better get ready. "In the next two years, this is happening. If you want to pretend that it's not going to happen, you're going to do poorly somewhere in your portfolio."