netfreezy

Revised short for usdcnh. partly based on geopolitics.

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FX:USDCNH   U.S. Dollar/Chinese Yuan
updated trend lines from previous idea with short position held for long term gains. Since I first looked at the idea a double top has formed which I have now put on my chart and have now reconfigured my initial trendline which now slightly resembles a downward wedge. zooming out you can see a double bottom reversal followed by double top reversal.
expecting a bounc off upper trendline into downward decline. Will be slow as usd tried to be pushed up

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