USDCNY short. w46 2020

2020年11月17日

Monthly
Downtrend Overall
Bearish market = only sell positions
Looks like pullback in downtrned


Weekly
Downtrend strong. No much support of buyers - quick


Daily
Downtrend - enters on pullback.
Good time to short due to

1. Asia created block against USA. Strenght CNY.
2. DXY rather will be weak due to quantative easing policy. Weak USD.

RSI no so oversold


Open
On pullback 6.5750
TP 6.4850
SL 6.6000

RR 3.3