With USDCLP showing intention at this very moment, and the idea that it is showing a rounding appearance, suggests to me that this correction may be a longer term correction, and we can use this for not only a short term profit maker, but a longer term investment also for longer term profits.
We can use USDCLP moves with my favorite correlation, which is Copper . We can short USDCLP against longing Copper , but timing is key. This correlation is not ready to go yet, and in my professional opinion we want to see what happens with USDCLP when it retests the upside at the 50MA. If it fails and comes down, it means in terms of cycles, USDCLP is most probably looking for its mean price, and I expect that will cause a critical correction and will be strong and very profitable. I also think, the gravity of the move will force Copper from it's hump and into the light, with an up move, well earned, after a massive long term down move we have seen.
Best of luck,
NOTE: For personalized online or face to face tuition, and signals packages message me here on Trading view, or message me on the email address on my profile page. Get in before the Christmas discount ends!
- Email: Tomprotrader@gmail.com
- Telegram: @tomprotrader
Public Telegram channel: https://t.me/Tom_Pro_Trader