EURCNH - 1 -> 0 -> 1.272 once more? Short

Euro / Offshore Chinese YuanFOREX.com

Opis

⋅ 1 mar 2020 11:07

Just a placeholder for now, since I'm not sure if there will be another high here - in this case, I'll have to adjust second Fibonacci and yellow line. Let's see how it will behave in the next week.
(inspired by @ridethepig idea: tradingview.com/chart/EURCNH/cJH3gTxB-ridethepig-EURCNH-Market-Commentary-2020-03-01/)

Daily chart:

Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)

⋅ 2 mar 2020 07:47

Updated to new local high, not much difference, main target remains 7.5000.

⋅ 2 mar 2020 08:02

And added small short.

⋅ 2 mar 2020 13:39

SL reached. Will be back :)

⋅ 3 mar 2020 14:49

Shorting here.

⋅ 4 mar 2020 12:36

Added more on break of 7.725.

⋅ 5 mar 2020 08:06

Adding small chunks to short.