There is not much talk about Carry Trade strategies, which is a bit sad given the potential that carry trading offers. So I thought I would share this journal with Earn Forex members to provide some insight and encouragement. To get the ball rolling I will be looking for an opportunity in the USDCNH this week. That is, I am looking to go short to take advantage of the positive 120 point short swap rate in this pair. Note that I use the weekly time frame to determine the long-term trend, and note also the clear downside breakout over the past two weeks. In the daily chart above note how price action touched and bounced away from the upper moving average. I will wait for price action to break below the lower moving average before I will consider making a trade entry. As mentioned above, there is currently a 120 points short swap rate on offer, or around $12 per day in interest earnings on a Standard lot. My objective is to enter and hold for as long as possible in order to maximise interest earnings, but I will also need to manage the trade along the way and be ready to exit if price action moves against my position. Subscribe to this thread and follow my management style and progress should this trade eventuate.