Yuan is getting stronger by the weeks........
I posted my prediction about shorting the USDCNH pair sometimes in November last year.......
Please read it here
This is an update of that post......
After breaking down the important 7 dollars price point, if the sell down continues which I believe it will, then the next 2 support level is 6.71 and 6.83. How long will it takes ? I don't know but for those who had followed me to short this pair, you may want to take partial profits and adjust your SL accordingly....... Congratulations !
Please DYODD
Please read it here
This is an update of that post......
After breaking down the important 7 dollars price point, if the sell down continues which I believe it will, then the next 2 support level is 6.71 and 6.83. How long will it takes ? I don't know but for those who had followed me to short this pair, you may want to take partial profits and adjust your SL accordingly....... Congratulations !
Please DYODD
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