Can you afford to ignore the Renminbi rally? NO!
What happened last time...:
Clearly, we hit a very strong support...
What's this? It's a Bird...It's a Plane... NO! It's the Chinese Renminbi making a double bottom on the monthly chart! And a higher LOW! WOW!
The US are turning socialist and the FED have DESTROYED the us dollar. It is getting abandonned.
China is becoming a TITAN and the Yuan is a new PARADIGM! The new worldwide monetary system.
Those that do not buy a whole lot of little yuans now or soon will regret it for the rest of their lives.
Clearly, we hit a very strong support...
What's this? It's a Bird...It's a Plane... NO! It's the Chinese Renminbi making a double bottom on the monthly chart! And a higher LOW! WOW!
The US are turning socialist and the FED have DESTROYED the us dollar. It is getting abandonned.
China is becoming a TITAN and the Yuan is a new PARADIGM! The new worldwide monetary system.
Those that do not buy a whole lot of little yuans now or soon will regret it for the rest of their lives.
Comment:
Looking like potential reversal.
Leaving it just a little more room, might exit soon.
Leaving it just a little more room, might exit soon.
What's all this money in my account...
Moving stop loss. We are at about 8 times the initial risk when I first posted this 2 weeks ago "USDCNH to retest 6.8", moving stop loss to leave it enough room to breathe but still 5 times risk at least.
This could happen, but I do not think it will.
Maybe on blue line, not red one (daily EMA50 in red weekly 20 in blue):
Might get out or have a tighter stop if it gets to down there...
This is about a 4 ATR move, only took 2 weeks, nice!
It is still dropping hard as I type.
Might go capitulate. Usually it ends with a big v shape recovery, I am out when I see this. If it is just a dead cat bounce no worries.