3rd leg up, must be up and up and up otherwise it'd be 3 push up (bearish pattern).
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breakdown as expected, here's double top text book target.
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Trades with cats wrote:Could a PBOC "surprise devaluation" blow up longs held over the weekend? Asking because I don't know what the big Yen strength does to Yuan.
not likely. PBOC has recently lower reference rate, i.e. strengthen yuan. yuan reference rate is measured against a basket of currency after de-ped from USD. not sure how that basket of currency composition and weight.