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U.S. DOLLAR / CHILEAN PESO

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USDCLP trade ideas

USDCLP D1. A new test of zone 790 is coming. It's a bit early to declare that, but I see some kind of weakness in buyers behavior. If you compare this chart with Gold, you'll see the same inability overcome the previous High(875clp in our case). I'll wait for a confirmation, we have to come back to the blue trading range. The channel marked with green color also could be helpful, so we can be in a phase C at this moment and the current movement could be define as an Upthrust in a downslope TR. I'll keep updated this chart.
Short
by dmitry089234
3
Possibilities for USDCLPHello everyone. This are 2 possibilities, in my opinion, for the next days. Possibility 1: The price will up to the resistance and then it'll down (building Head and Shoulders Pattern). So in this case, we have 3 opportunities to trade: Long trade: Buying now with TP in the resistance Short trade: Selling when the price stay in the resistance with TP in the actual support. Short trade: Wait for build Head and Shoulders Pattern and his pullback and then sell. Possibility 2: The next days we'll have a lateral pattern and is a good opportunities sell in the resistance and buy in the support
by tobalxd
Hopefully there will be a bounce at USDCLPThe main trend since March'19 is still valid looking at the purple trendline. There is a down trendline (orange) since the beginning of July that will “crash” with the main trendline. So hopefully the main trendline will still be valid and there will be at lease a small bounce. Using the Volume profile I added a red line indicating that I was wrong and that the purple trendline was broken ☹ The main trend since march'19 is still valid looking at the purple trendline There is a down trendline since the beggining of July Regards, Roberto
by RERS_92