Get started
SkylinePro

USDBRL - final stages of cycle wave 5 up

U.S. Dollar / Brazilian Real (FX_IDC:USDBRL)  
SkylinePro Updated   
FX_IDC:USDBRL   U.S. Dollar / Brazilian Real
Trend Analysis Wave Analysis USDBRL BRL brazilianreal brazil brasil Currencies currency
6
0
trendanalysis waveanalysis usdbrl brl brazilianreal brazil brasil currencies currency
Brazilian Real is tracing minor wave 5 of intermediate, primary and cycle wave 5. The pattern shows a complete five wave that would complete the pattern, however minor wave 5 could extend, therefore the target to confirm the trend down would be if prices crosses down 5.20. FOLLOW SKYLINEPRO TO GET UPDATES
Trade closed: target reached:
Price didn't cross down 5.20 and the trade continue and reached 5.747. Price crossed down the upper line of the channel and is now trending down. See the new post.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.