dchua1969

The time has come to buy the yuan !

Short
dchua1969 Updated   
FX:USDCNH   U.S. Dollar/Chinese Yuan
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I am monitoring the daily chart for a more confirmed bearish signal before establishing a SHORT position. The risk/reward ratio looks very attractive from this price point as the margin to go up higher is not a lot.
Comment:
Price remains stubbornly high!!!!
Comment:
Close to a month later, the price is still hovering near the 7.20 mark but I am of the opinion that it should fall soon....
Comment:
Praise Lord, Congrats to those who shorted
Comment:
added more shorts
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