TomProTrader

#USDCLP#Copper- Update: Compelling Technical Breakout Ahead

FX_IDC:USDCLP   U.S. DOLLAR / CHILEAN PESO
59 0 5
Traders,

UPDATE: We are moving well and we are way in the money. Well done to my signals group for this one, expecting this to continue for the longer term. USDCLP             long and Copper             short as said before. Copper             is part of a longer term down move, which might push USDCLP             for longer periods of time.

With USDCLP             breaking a long term support trend line , we are maybe about to see a nice break down, where we may see a mark down, or a correction to the lows of the range. This will likely ignite copper             prices as well. Also keep an eye on NZDUSD             when trading USDCLP             and Copper             , since you can add NZDUSD             into this trade to make a nice, and safe reliable currency basket.

Best of luck
Tom

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