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tradingmago
Jul 23, 2021 1:46 AM

$4500 pesos for a dollar ? Long

U.S. DOLLAR / COLOMBIAN PESOICE

Description

If it breaks the 3,900 Mark and maintains that lvl for a couple of days, I would say will go back to test the 4200 high, then $4,500 according to Fib Extension.618. I hope I'm not right like last time when $3,600 seemed impossible

Trade active

Big rejection at the 3,900 key level, however still inside the uptrend channel

Trade active

broke the channel, lets wait for next week and see if retest the bottom of the channel

Comment

retesting the 3,900 from below.

Trade active

Retesting $3,900 level...Key Level as shown with the tick blue line

Trade active

Retested the $3,900 barrier....in its way to $4,500

Comment

Seems like Colombian elections along with the recent dollar strength are feeding this trade.

Comment

$4100 new resistance.., will see

Comment

$4100 still a strong resistance, seems to be finally bending today. on its way to $4200

Trade closed: target reached

Well, never expected this to happen this fast. But definitely, political issues speeded this up
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