OPEN POSITION: SELL 3.23
STOP: 3.26
TARGET 3.18
SECONDARY TARGET 3.14
CANCEL: IF CLOSE OVER 3.25
Register for Lucky 8 – FX Trader of the Year 2016
Hantec Markets Demo Contest
www.fxstreet.com
Hi traders,
On the US DOLLAR / BRAZILIAN REAL we can see a bullish bat pattern forming. The entry is at point D, which represents a value of just above 3.
Entry: 3.0377
Stop: 2.8072
Target: 3.4369 = R:RR 1.73
Good luck. Updates will follow. Will not be trading this myself.
FX_IDC:USDBRL There are some evidences about bullish move in BRL. 3th wave is in formation. Stay tunned for any different movement.
If it break down the blue line, a new strategy must be formulated.
Trade wisely
Morning!
The FX_IDC:USDBRL in the 3rd wave formation this week targeting 100% with optimism!
Anyway, careful if it breaks the blue trend, new strategy must be formulated.
Trade wisely!
FX_IDC:USDBRL Targeting 3.63? Can be more!
It seems we have a bullish period now, in this third wave of this trend is a realistic projection but I'm optimistic to expect a 3rd larger than is projected.
Neutral as we are in a congestion zone and after reaching first downside target.
Further consolidation expected, because:
- Brazil in limbo about which direction the country will be heading
- Low commodity prices still pressure revenue for the country
![USDBRL: USDBRL bullish bat pattern [Just an idea]](https://s3.tradingview.com/y/Y9wmk9ZL_mid.png "USDBRL bullish bat pattern [Just an idea]")
