xtrader1

USDCNH IN WYCKOFF DISTRIBUTION

Short
OANDA:USDCNH   USD/CNH
- Seasonally CNH is strong in DEC + JAN
- Seasonally USD is weak in DEC
- Technically a Wyckoff distribution seems to unfold
- A last upthrust / stophunt could happen but not likely
- Looking for a 1 deviation drop = sellside liquidity-zone

Sultan of Swing
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.