Short

USDCHN, worth the shot

Aktualisiert

The pattern is a bit unclear, but because the RR is so great i am taking the risk here. Starting small and increasing on the break of the yellow zone. Think we might make a lower high on the daily, so it could potentially drop a lot coming weeks. Making the RR enormous, which makes it worth the risk for me. I am using the stop loss, but in case we move only slightly higher but start to drop again (false breakout), i will probably short it again when that yellow zone breaks.

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Almost moving up but we got some rejection now, i want to see it stay below the yellow zone now.

Anmerkung

Got some rejection from that yellow zone now, use that as a stop, your entry or at least a tiny loss. Do not use the original stop, because if it gets that high from this point, something else might be going on.

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Patience, we are finally dropping now, looking good now, maybe this triangle can give some acceleration down.

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Seems i i only posted the previous update in my telegram channel, was a mistake not intentional.

So we got the acceleration down and first target was reached. The game plan is still a much bigger play as mentioned above. So closed half and going to move stop for the other half to the red zone.

For the ones who did not take profit, i would use that trend line as a first stop

Anmerkung

Now current update:

Broke the trend line but got rejection from that red resistance zone now. If we brake yesterday's low i will move the stop towards that level

botje11

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