tobalxd

Possibilities for USDCLP

FX_IDC:USDCLP   U.S. DOLLAR / CHILEAN PESO
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
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