This trading strategy is using Spectro™ M
The blue background means a strong reversal zone. That's our first confirmation.
Now we see the Specter Clouds appearing no only telling us that this is too oversold but also it predicts the organic price, so it predicts possible future prices.
I like simple trading, it's a clear uptrend, Brazil is a damn mess right...
EURBRL November 2016
the bear roar from march 2016 and break 0.618 suport level. Are this pair are hopeless for bullish?
at daily chart, we can see euro vs brazillian real already break channel down at november 11
and failed to break support level at october 25
this level also a good support for brazillian real at july 2015
so this breakout are a very good sign...