USDCNH correction over, trend resumes
Here we are coming to the end of the corrective wave within the underlying bull trend. The time has come to start getting to work on the top-side here again, this is a move we have been tracking for some months (see attached).
We are going to be exploring the speed limit of the dollar over the next few months so buckle up and get ready for some very large moves across FX. Like the rest of the USD board, markets have been corrective and now is the time to re-establish upside exposure. Initial targets for the weekly move come in at 6.97.
There is scope to continue as far as 7.10 and 7.20.
Best of luck those who are navigating around the US-China trade flows.
We are going to be exploring the speed limit of the dollar over the next few months so buckle up and get ready for some very large moves across FX. Like the rest of the USD board, markets have been corrective and now is the time to re-establish upside exposure. Initial targets for the weekly move come in at 6.97.
There is scope to continue as far as 7.10 and 7.20.
Best of luck those who are navigating around the US-China trade flows.
トレード終了: 利益確定目標に到達
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これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。