US Dollar/Chinese Yuan
לונג
מעודכן

don't miss this buying opportunity

Note, I used FIB Level as a guide, it may not reach exactly at the price zone, so monitor the price action on lower time frame
הערה
xie xie, thank you mr market
הערה
accumulate, a nice bullish engulfing candle
הערה
it breaks below the 618 FIB level, taking our position out.
We will wait for the next buying opportunity
הערה
More than a month ago, the price was at 6.56 and now is 6.26, nearly 300 pips.
Despite the Chinese economy transiting more towards its local economy, it is still the world's largest factory for many products in the world. The strengthening of the RMB is not ideal for the exporters and I suspect the rebound has to happen soon.
הערה
we took a small position yesterday at 6.347.

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