Trade War Positive Trade - CHNJPY #vfx #TradeWar #Ichimoku
4Hr time-frame from technical perspective: Rising trend, price above the cloud, Tenkan above Kijun, Chikou is above the price, future cloud is green, Tenkan, Kijun and Chikou not in cloud or price.
I have been using this trade as a hedge on others in this trade war. Deal positive news or abatement in tariffs is positive for this trade. Also has the benefit of not being a direct USD pair when using as a hedge. Any good news for China is generally bad news for the Yen.
TP targets 16.68 17.47 18.25
CNHJPY
I have been using this trade as a hedge on others in this trade war. Deal positive news or abatement in tariffs is positive for this trade. Also has the benefit of not being a direct USD pair when using as a hedge. Any good news for China is generally bad news for the Yen.
TP targets 16.68 17.47 18.25
CNHJPY