BRLUSD- more weakness aheadwave 4 correction is over.
Brazilian Real should resume its downtrend.
Previous low will be retested
USDBRL trade ideas
USDBRL short entry [Just an idea]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.
Long on BRLUSD Brazil RealIn 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.
long opportunityFrom 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
FORECAST USDBRLOPEN 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
USDBRL bullish bat pattern [Just an idea]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.
Weekly BRLFX_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
dollar real brazil olympics scenariosame as the other prevision, but in a fastest timeframe with chaotic olympics 'usain bolt' hypothesis
Updating BRLMorning!
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!
Nice Opportunity on BRLFX_IDC:USDBRL Initiating Jully with a nice op. to purchase until R$3,35.
Stay tuned.
Trade wisely.
Brazilian Real: Staying short (Target Defined) Good probability we see cont´d weakness in the real into the 3.20´s.
BRL update 3rd wave formingFX_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.
