Another lower low? Key zone of USDCNH

2020年11月18日

I am expecting the recent high being taken out
but the trend is clearly still down trend.

I draw a possible reverse pattern on the chart..
IF the recent high couldn't be penetrated,
then the downtrend will continue.

The nearest zone that would stop it was way below 6.40. Way down there!

2020年11月25日

註釋

As my drawing shows, price bounced back a little bit. Still bearish no doubt. Buyers are not in control obviously.

2020年12月3日

註釋

Yep. As I expected, the recent high couldn't be taken out. Another lower low, soooo downtrend continues.