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Brazillianreal

[USDBRL 6% LONG] Reversal + Price Prediction w/ Spectro™ MThis 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 now, trust me I know, I was raised there before moving to the USA. Plus it's an ascending triangle and the price is close to a support! There are no Spectro™ M signals or alerts, but hey life isn't all about automation, right? Entries anywhere near 3.72 and stop-losses anywhere close to the ascending triangle support line. Profits go from 0.8% all the way up to 6% based on your strategies risk tolerance and exit rules. Specter Cloud targets are: 3.752, 3.779 and 3.824 Ascending Triangle Target at ATH: 3.93 ATH close to 3.9666(good omen there) Liked it? Give it a shot at, it's really affordable - you wouldn't believe if I told you: hypester.org
Long
by spectertrading
1
EURBRL November 2016EURBRL 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 for bullish, but we need more reason to take this price movement as reversal, since it was a very strong bearish perform at EURBRL chart daily If we look for bigger timeframe EURBRL analysis (weekly), this level also as resistance at black friday 2008 and it's 0.5 fibonacci from september 2010. So this strong support will be our basic forex outlook at EURBRL trading strategies and this is also a good sign that the big correction already over at EURBRL 4 hour timeframe, EURBRL perform channel up, after success break the big correction to take a good setup, we need to wait some retracement around .618, and we may calculate a setup timing using a time cycle, time cycle are a good forex forecast technical analysis tool . If EURBRL made a correction for this week, the best bullish position at 61.8 fibonacci support, this level also a very good support line that hold bearish movement at Aug/Oct. 3.6030 are best long position for this month at brazillian real to analyze target and stop level, we need to look at bigger timeframe at daily EURBRL chart, and combine with fibonacci target as we see the 1.168 are CSR level at November 2015 and April/June strong support, 3.9209 are best target for bullish at EURBRL with stoploss below last low at 3.4739 this trading plan R/r ratio : 2.44
Long
by AzrulAzir
1