USDCNH looks very bearish in my opinion. We had a serious sell-off at the 6.986 handle, and I think we are due bearish continuation. This is a daily chart, so this is a longterm trade.
For those that follow bitcoin, it would be very interesting if we saw YUAN strength and BITCOIN weakness at the same time. :)
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I am in!!
Stop loss at: 6.98620 Take profit: 6.54840
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Looks like we may face some resistance before we complete our third wave, if so, this is what I think we get.