Possibilities for USDCLP

Hello everyone.

This are 2 possibilities, in my opinion, for the next days.

Possibility 1: The price will up to the resistance and then it'll down (building Head and Shoulders Pattern). So in this case, we have 3 opportunities to trade:
  • Long trade: Buying now with TP in the resistance
    Short trade: Selling when the price stay in the resistance with TP in the actual support.
    Short trade: Wait for build Head and Shoulders Pattern and his pullback and then sell.

Possibility 2: The next days we'll have a lateral pattern and is a good opportunities sell in the resistance and buy in the support

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.