Another lower low? Key zone of USDCNH

2020년 11월 18일

I am expecting the recent high being taken out
but the trend is clearly still down trend.

I draw a possible reverse pattern on the chart..
IF the recent high couldn't be penetrated,
then the downtrend will continue.

The nearest zone that would stop it was way below 6.40. Way down there!

2020년 11월 25일

노트

As my drawing shows, price bounced back a little bit. Still bearish no doubt. Buyers are not in control obviously.

2020년 12월 3일

노트

Yep. As I expected, the recent high couldn't be taken out. Another lower low, soooo downtrend continues.