USDCNH - Potential trend change

24 thg 11, 2021

Potential weekly bottom, but has a lot of work ahead to grind higher.

Technicals look close for a breakout, and recent dollar strength obviously helping.
Is dollar strength sustainable, now dust settled on Powell decision etc?

29 thg 11, 2021

Giao dịch đang hoạt động

Bit hectic in the markets on Friday with the new Omnicron Covid variant, or at least thats what the media decided. Mixed dollar strength and weakness, market still digesting if new COVID is going to force lockdowns around the world again.

Technically in the Daily still trying to breakout, but clearly strong resistance. Big drop, just before my SL, trying for a higher move.

In general, trades that don't start to go in your direction initially tend to be losing trades. Need to at least check daily close tomorrow.

29 thg 11, 2021

Giao dịch đang hoạt động

19 thg 12, 2021

Đóng lệnh: dừng lỗ

Stopped out on 30th November. Loss of 1.4%.