USDCLP: Downtrend continuation short
Updated
USDCLP has traced a nice downtrend, and now with commercial hedgers net long copper I expect excellent continuation into the lows.
Target is on chart, the time at mode signal specifies a slightly higher target, but there's potential to reach the red arrow below.
Shout out to my mate Tom Killick, he's frequently trading this pair. Check out his posts, definitely a trader worth following.
Good luck if taking this trade.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
Target is on chart, the time at mode signal specifies a slightly higher target, but there's potential to reach the red arrow below.
Shout out to my mate Tom Killick, he's frequently trading this pair. Check out his posts, definitely a trader worth following.
Good luck if taking this trade.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
Note
The time at mode target #1 would be 656,65. Forgot to add it to the publication.Stops should go above 679, can enter at market on a slight retracement.
Note
If we get a close below 666.35, this pair will sink.Note
Amazing move, congratulations if you're in!Trade active
(I forgot to flag it as active)Note
Still in profit, but be careful, monitor it.Note
Good progress, I expect continuation. Similarly to AUDUSD.Note
Let's wait for a new low. 2 inside bars in a row so far. Cover 50-75% and move the stop to break even.Note
New low, let it cruise.Note
Proper breakdown...enjoy it!Note
You can move the stop to entry price and let it run risk free.You might consider covering half if we don't break the previous bar low before the close.
Trade closed manually
Trade active
Reshort here.
Note
Move stops to entry here.
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