Channel direction. Double top. potential Elliot Waves. Triangle resolution. Fibo retracement and extensions. 50 and 200 sma(currently under) resistance convergence. Stochastic, treading water. EM Asia FX mostly up vs the USD the last month and outperformed the other EM. Asia’s robust performance in FX and fixed income, should continue over the next few...
Short $USDCNH on all Bearish clouds
0.618 - Bearish Divergence. This trade is just for show, it could have never been possible do to the spread. I Always set my TAKE PROFIT at the min profit on these trade ideas. OF COURSE YOU COULD TAKE THEM FURTHER THAN THAT. Many different trade management strategies could be used. Do i stick to the min PROFIT TARGET on my personal trades, mostly not!!!!!!! BAMM...
A support. Has become a strong resistance. There is no doubt about it. RSI also confirms this analysis. Entered at the first opportunity we sell. Also it remain until the end of September.
A possible market high forming a relatively nice pin bar, however we would like to see this pin converted in a BEOB, with a strong close below 6.25. PA also has divergence for further confluence.
Can't begin to imagine what the soon-to-be ramifications of this Chinese Yuan move are for Chinese banks, and the S&P500. Tick tock tick tock.
Quiet a move for the Chinese Renminbi. Price should make one more push to the upside before pausing. For now only observing how deep price will retrace.
Potential Huge Bearish Move.