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arturoduran
Jul 3, 2018 3:38 PM

USDBRL Retracement lines for short Short

U.S. DOLLAR / BRAZILIAN REALICE

Description

According to the Fibonacci Retracement lines, there is a resistance zone at $3.97. Plus, the MACD is at the "overbought" zone. Taking on count this, we can set a short position to the next support line fitting with de fibonacci lines. Take Profit on $3.5108 and a Stop Loss at $4.0259. Ratio risko reward 2.64
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