U.S. Dollar/Chinese Yuan

FXCM

USDCNH

refer chart

Anticipate further downside eventually but would recommend caution at this level of support on smaller TF's.

It is consolidating on daily timeframe and will fall if the low of the doji is taken out. If that triggers, it should fall at least 50% and the setup has an amazing risk and reward too!

CHECKCHART AND ENTER FOR SHORT POSITION

IT and Pharma View: In the middle of results season once IT and Pharma go up; I will short them aggressively. IMF officially gave green signal to Chinese currency Yuan to Foreign Exchange Basket. US Dollar will mean revert. As usual, The Best impact will be on USDCNH!

Short if it breaks the low of the previous day with a stop loss at the previous day's high. In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy. Please use the stop loss strictly. It is an...

Looking to 6.80513 at least