After a long consolidation period USDCNH is attempting a bearish break.
- Ichimoku indication is mild bearish
- Heikin-Ashi sell signal
- EWO is negative
We enterred a small short yesterday and today with a trailing stop. Please note that the horizontal line and the trendline Will likely act as a strong resistance around 6,79. Therefor we consider this trade as a short term tactical, not a long term strategic position.
- Ichimoku indication is mild bearish
- Heikin-Ashi sell signal
- EWO is negative
We enterred a small short yesterday and today with a trailing stop. Please note that the horizontal line and the trendline Will likely act as a strong resistance around 6,79. Therefor we consider this trade as a short term tactical, not a long term strategic position.