USDARS: Update - 2 weeks to define the trend

10 months ago
The USDARS             pair has an interesting setup, on one hand, the uptrend that started after monetary policy changed, has failed to reach the target on time, suggesting a selloff was possible (which did in fact materialize).
I have reccomended my fellow countrymen to sell their dollars at the 15.8-15.4 mark, but it's time to pay attention to go long the dollar again, possibly, unless the downtrend is confirmed in 2 weeks or less.

If you have peso savings, wait fo             a good chance to convert them to dollars, if you're still in dollars and haven't sold, well, you should have paid more attention to my forecast #1, #2, don't panic, you might get a good opportunity to unload your dollars higher soon, or more reasons to hold them too.
For people actually trading this pair electronically, I'd reccomend using ATR based stops, and/or no leverage, since volatility can be quite extreme.


Ivan Labrie.
9 months ago
Comment: We should see downtrend continuation in this pair for now.
9 months ago
Comment: 19:00 GMT, Argentinian GDP news.
9 months ago
Comment: We have to hit 14.15 this week before the close to stay in shorts.
9 months ago
Trade closed manually: Covered usdars shorts.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
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