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
IF breaks, PO >30% lower at 1.85 area $EWZ
This will go up ... watch for a re-test of the bullish trend line and go long... target in black numbers. Regards!
We have in Red (USDBRL) and Orange (USDCLP) the two strongest currency in latin american recovering from recent devaluation in a pronounced way in comparison with Dolar Index (Green). But fiscal situation in Brazil is getting worse, the political problem after impeachment of last president is to approve a series of bills to cut social expenditure like Health and...
I want this one cheap. I am not buying on any breakouts. I want to go long at an extremely low risk entry.
Buy in the support in the next hour. Scalper, heavy and quickly.
wave 4 correction is over. Brazilian Real should resume its downtrend. Previous low will be retested
Hi traders, On the USDBRL daily chart I'm looking at a potential bearish entry at the retest of the trendline. This area lines up with the completion of the AB=CD pattern and the 38.2% Fibonacci retracement. Entry: 3.3228 Stop: 3.3960 Target: 3.1898 = R:RR 1.82 Good luck! Updates will follow.
In this pair the price reached a support line, probably won't close under that. Buy it now and sell if close (manual stop) under it anytime. The goal is at 0,3302.
From last mid-march USDBRL (Day) drops while MACD indicates there are more and more buyers. At some time buyers will rush in it. Will it be at B between > 0.618A. > and (c) = 2(a) expansion