IvanLabrie
Short

USDCLP: Downtrend continuation short

FX_IDC:USDCLP   US DOLLAR / CHILEAN PESO
7 months ago
USDCLP             has traced a nice downtrend, and now with commercial hedgers net long copper             I expect excellent continuation into the lows.
Target is on chart, the time at mode signal specifies a slightly higher target, but there's potential to reach the red arrow below.
Shout out to my mate Tom Killick, he's frequently trading this pair. Check out his posts, definitely a trader worth following.

Good luck if taking this trade.

If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.

Cheers,

Ivan Labrie.
7 months ago
Comment: The time at mode target #1 would be 656,65. Forgot to add it to the publication.
Stops should go above 679, can enter at market on a slight retracement.
7 months ago
Comment: If we get a close below 666.35, this pair will sink.
7 months ago
Comment: Amazing move, congratulations if you're in!
7 months ago
Trade active: (I forgot to flag it as active)
7 months ago
Comment: Still in profit, but be careful, monitor it.
7 months ago
Comment: Good progress, I expect continuation. Similarly to AUDUSD.
7 months ago
Comment: Let's wait for a new low. 2 inside bars in a row so far. Cover 50-75% and move the stop to break even.
7 months ago
Comment: New low, let it cruise.
7 months ago
Comment: Proper breakdown...enjoy it!
7 months ago
Comment: You can move the stop to entry price and let it run risk free.
You might consider covering half if we don't break the previous bar low before the close.
7 months ago
Trade closed manually
7 months ago
Trade active:
snapshot


Reshort here.
7 months ago
Comment: Move stops to entry here.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
ManuelRodriguez
7 months ago
very nice ;)
+1 Reply
IvanLabrie PRO ManuelRodriguez
7 months ago
Gracias ;)
You are short too?
Cheers.
Reply
ManuelRodriguez IvanLabrie
7 months ago
Yes but I put my position time ago ,. ( In 720 ;)
Reply
IvanLabrie PRO ManuelRodriguez
7 months ago
Ah, very nice. Yes, this was a good downtrend continuation setup.
Plenty of downside still.
Commercial hedgers are net long copper, we have good fundamental support for CLP (and Aussie).
Reply
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