H&S has failed but structure is still to the top side (hl's hh's), bias is for upside continuation to 760 with a stop below 660 swing low (if aggressive can dial up RR using a median line stop), if 660 is given would favour a broader double top formation and usdclp for lower.
For now weekly Mas are supporting price action.
But remember, anything can happen! :)
Nuevamente frente a los $700, este par ha sido muy ciclico en esta lateralizacion que vienen desde Septiembre 18'.
Again against the $ 700, this pair has been very cyclical in this period of lateralization, that started at September 18 '.
PO: $677.64
Emerging Markets are weak in general, but this is one of those economies that are quite apart of the rest. A very stable country that would benefit from foreign assets stepping out from risk economies like the U.S and Europe.
Unfortunately, it's quite difficult to find a broker offering this pair.
Learn how to beat the market as Professional Trader with an...
A year ago I posted a chart (see related) with map of weakness for CLP.
This is daily chart to give you the map of the current impulse.
Wave 4 could have been completed now.
Wave 5 should at least tag former top of CLP 732.
The next target is CLP 764 where 5 = 100% of 1-3
Returning to its bearish path, we started the week drilling the support, if it closes on this level we hope that the fall will deepen ...
Alguien pidio los $650 ? Retomando su senda bajista, partimos la semana perforando el soporte, de cerrar asi es esperar que se profundice la caidas...
#USDCLP chart
Hey. Check USDCLP. 1W,1M,1D shows that we are inside global bearish flag. But now it's moving down. It comes realistic with thoughts about word crisis.
=> Here we are actively looking for a USD short to add to our EM FX portfolio
=> With Chile fundamentals remaining attractive, strong economic growth and increase in business sentiment we are seeing a helping hand driving investment.
=> From a monetary policy perspective the BCCh are expected to raise rates this month by 25 bp
=> We are targeting the 38.2% fib...
Al cierre de la semana, tras llegar a la zona de precios de los $608 CLP/USD ayer jueves, ($607 para ser precisos), esperaría cierta toma de utilidades después de los avances de la semana, para así formar un pullback que permita darle continuidad a las alzas en el tipo de cambio durante la próxima semana, ésto es empujado por las correcciones de corto plazo en el...
