The long term exchange rate target zones have confirmed the flowing of capital into the Brazilian economy to strengthen the Brazilian real in the market. The medium term exchange rate target zones also have aligned, realigned and continuously realigned to strengthen the BRL in the market. The long term strengthening of the Brazilian economy is expected to drive...
I think this can be the bottom of the recent pullback in the Brazilian Real. I'm long $BRL as an oil proxy here, shorting $USDBRL with a tight stop at 3.3415. The political crisis might be averted, and the currency can soar, specially with the extreme negative sentiment currently affecting it. Best of luck to our brazilian friends, and to anyone taking the...
BRL bottomed? I think there is a big chance that brl bottomed, we shall buy it. as long as we are above the highest volume.
Who will win between USD/BRL’s stiff tug of war? Keep doors open pour in yields via ATM straddles regardless of swings: On daily charts, we see stiff resistance at 3.1950 levels where the pair has shown a convincing supply zone in the recent history. Shooting star has appeared at 3.1761 levels pulling back from highs of 3.2140 after bears surpassing this stiff...
Is (iv) as triangle on usdbrl ? May be (v) of 5 has sarted
Possible short position on USD BRL, waiting for breakout. There are a lot of important decisions in the next weeks around social security (retirement reform) and curruption judgements.
Waiting for breakout, posible short position. There are a lot of decisions on brazilian congress in the next weeks around social security (retirement reform) and curruption decisions.
Just discovered Francis Hunt for a week and trying to understand . Think I'm going to get it. Thanks , @FrancisHunt..... LOOKS LIKE A LONG
Both signals on the same chart: B -> Counter trend buy S -> Counter trend sell Buy -> Trend follow buy Sell -> Trend follow sell
Counter trend trades should fall in one of the two cases: -> a quick and fast trade against the primary trend, expecting a pull back from the extremes. -> reversal points With that in mind, make sure you apply proper money management.
First long signal 3 days ago after a few months of sell signals. If you are a trend following trader, find instruments and timeframes that satisfy your trending filters and just follow these signals. But remember: consolidation period can be brutal to a trend following strategy. Also, the longer the trend, the greater the chance for a reversal. With that in...
NOTHING SERIOUS...JUST TOOK A LOOK...NICE DOUBLE TOP THOUGH...
HndS formation in the next months, now its time to purchase to take a little profit at least the minimum described in the chart. Thx Thx
Brazil looking ahead to recovery economy ....
I believe this pair will bounce off the established horizontal support and headed towards .38 retracement. Be careful with a breakout to the downside, a SL at the 3.09 area should keep you safe