Can you afford to ignore the Renminbi rally? NO!
Diupdate
What happened last time...:
Clearly, we hit a very strong support...
What's this? It's a Bird...It's a Plane... NO! It's the Chinese Renminbi making a double bottom on the monthly chart! And a higher LOW! WOW!
The US are turning socialist and the FED have DESTROYED the us dollar. It is getting abandonned.
China is becoming a TITAN and the Yuan is a new PARADIGM! The new worldwide monetary system.
Those that do not buy a whole lot of little yuans now or soon will regret it for the rest of their lives.
Clearly, we hit a very strong support...
What's this? It's a Bird...It's a Plane... NO! It's the Chinese Renminbi making a double bottom on the monthly chart! And a higher LOW! WOW!
The US are turning socialist and the FED have DESTROYED the us dollar. It is getting abandonned.
China is becoming a TITAN and the Yuan is a new PARADIGM! The new worldwide monetary system.
Those that do not buy a whole lot of little yuans now or soon will regret it for the rest of their lives.
Catatan
Boy oh boy...What's all this money in my account...
Moving stop loss. We are at about 8 times the initial risk when I first posted this 2 weeks ago "USDCNH to retest 6.8", moving stop loss to leave it enough room to breathe but still 5 times risk at least.
This could happen, but I do not think it will.
Maybe on blue line, not red one (daily EMA50 in red weekly 20 in blue):
Might get out or have a tighter stop if it gets to down there...
This is about a 4 ATR move, only took 2 weeks, nice!
It is still dropping hard as I type.
Might go capitulate. Usually it ends with a big v shape recovery, I am out when I see this. If it is just a dead cat bounce no worries.
Catatan
Looking like potential reversal.Leaving it just a little more room, might exit soon.
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