StirlingBishop

USD/CNH Sell Idea (Potentially Major)

Largo
StirlingBishop Actualizado   
FX:USDCNH   U.S. Dollar/Chinese Yuan
This pairing has been unable to break above the $7 dollar resistance - rejected in Dec 16' and again in Oct 18'. I will be looking at a short position after technical and fundamental factors have lined up in favour of this direction.

The US Mid-term elections have softened the dollar rally that began just before summer 2018. However, I will not be opening any positions until trend-line A has been broken.

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Comentarios:
Just to confirm a mistake - THIS IS A SHORT IDEA, NOT A LONG.

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