dchua1969

Shorting opportunity for USDBRL

dchua1969 Updated   
FX_IDC:USDBRL   U.S. Dollar / Brazilian Real
see chart

we can see that it has met with a few resistance point at 5.75 and also 5.46 level posing as strong deterrent for it to go up much higher.

I am expecting it to fall further once it breaks down from the pink dotted line and heads south towards 4.988.



Comment:
stop loss hit
Comment:
another shorting chance, getting ready
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