Yuan Strength Continuation

2 Eki 2024

Fundamentals & Sentiment

USD:
- Middle East tensions reaction seems exhausted
- Mixed recent economic data

CNH:
- Relaxed restrictions on home buying should stimulate yuan demand
- Chinese stock market should drive the demand for yuan

Technical & Other

• Setup: Other - S(RTF), No Stop Hunt
  
• Setup timeframe: 4h
  
• Trigger: 1h
  
• Medium-term: Down
  
• Long-term: Down
  
• Min target: Local lows
  
• Stop loss: 0.27%
  
• Position size: 0.5R
  

2 Eki 2024

İşlem elle kapatılmış

Don't like the price action. -0.5R