USDCNH appears to have completed a correction and is ready to resume the uptrend here.
This bodes well for Bitcoin longs as well.
If you want to take the trade, risk a drop to 6.8374, or enter gradually over a few days, risking a bigger move down.
The other alternative is to dial down to 1h charts to take the trade, or simply buy a new daily high, with a stop at the recent low. In the current enviroment, I don't favor using stops at all, and start with smaller positions, due to the 'expanding bias' where markets go a bit further than expected, or take a little longer to turn, each time. If you have tight stops, you'll get chopped out multiple times.
Good luck,
Ivan Labrie.
This bodes well for Bitcoin longs as well.
If you want to take the trade, risk a drop to 6.8374, or enter gradually over a few days, risking a bigger move down.
The other alternative is to dial down to 1h charts to take the trade, or simply buy a new daily high, with a stop at the recent low. In the current enviroment, I don't favor using stops at all, and start with smaller positions, due to the 'expanding bias' where markets go a bit further than expected, or take a little longer to turn, each time. If you have tight stops, you'll get chopped out multiple times.
Good luck,
Ivan Labrie.
ノート
Good momentum straight off the bat.ノート
Yep.ノート
Break even stop and let it run.ノート
Still good to hold this one. Be patient.手動でトレードを終了しました
ノート
zerohedge.com/news/2016-12-28/china-facing-currency-liquidity-crises-ex-pboc-official-urges-use-nuclear-optionIt might see some acceleration soon, after the Chinese new year.
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