Long USDBRL Weekly Long

U.S. DOLLAR / BRAZILIAN REALICE

Description

⋅ May 14, 2019 1:20 PM

Price setting up as 4yr H&S continuation, 5 up and 3 down suggests test of 4.22 trend line resistance, a further break would suggest initial target to 5.38. Trade idea invalidated with a break below trend channel or Jan19 low.

Chart Patterns Head and Shoulders

Comments

markn

⋅ Aug 13, 2019 5:22 AM

thank you Macri , next stop text 4.25

markn

⋅ May 18, 2019 2:40 AM

here we go! test 4.25 if on volume and passes and closes above will fight with swaps,but slowly go to $4.70-$4.90 this year!
Happy Trading !