Get started

USDCLP

Copper, AUDUSD and USDCLP: intermediate term top in placeWe can look for shorts (in the case of AUDUSD might be better for wait to enter on a retracement) in these instruments. It's evident we have failed to break resistance in AUDUSD and that USDCLP is forming a nice turn at the lows in the daily, which nicely correlates to Copper forming a double top here, with plenty of downside to be seen. Clearly, bears are involved and we can take a nice position at market, with stops 1 tick above 2.301 ideally. Today's price action justifies assuming AUDUSD and its crosses have reversed for the time being, at least in the intermediate term, and it's safe to fade the recent advances in them. 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.
FX:COPPERShort
by IvanLabrie
24
USDCLP: Downtrend continuation shortUSDCLP 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.
Short
by IvanLabrie
4
USDCLP long term relationship SPYas we can seen is a kind of relationship waiting ( is not perfect of course a like all the relations cheap ) the SP and the currency of the latin countries ( for that sample we put it the pair : USD/ CLP chilean money ) So. every time the SP is an upward trend for a long term (several years) the Latin currencies are desfavorecidad VS the USdollar, and in turn it can be observed when the SP has a bearish trend , Then the synchronization efect is it not perfect at all, but the effect it is clear in the long time.
Long
by ManuelRodriguez