FX_IDC:USDRON   U.S. DOLLAR / ROMANIAN LEU
Pros
  • Correction of the 50% of the last downtrend
  • Touched the long uptrend
  • The USD has a strong macro uptrend
  • Exit from lateral consolidation/triple bottom
  • Divergences on week chart
  • The objetive is at 38.2% of the last downtrend
Cons
  • The last daily candle is bad.
Strategy
  • Buy a half at market price
  • Buy the other half on a pullback
At 38.2/50% open new long positions
Reply
tomcat00 pecpec
@pecpec, your analysis has been spot on. Do you have any updates?
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