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BRAZILIAN REAL / U.S. DOLLAR

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BRLUSD trade ideas

NEW ATH or correction? What a nice chance!Hey tradomaniacs, it`s not only lira falling like Neymar. Brasil suffers from inflation and a policy which refuses to increase the interest-rate. What do you expect? Whether we break through the ATH or we consolidate: It`s a nice situation to make money. I expect profit-safes and a correction before we make our way through the big resistance. What do you think? Peace and good trades Irasor Trading2ez Wanna see more? Don`t forget to follow me. Any questions? Need education or more signals? Pm me. :-)
Short
by Trading2ez
2
[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
Brazilian REAL to accelerate devaluation against the USDWe suggest that the Brazilian Real is in a long cup&handle trend formation here showed on the monthly frame. We expect an acceleration on the REAL devaluation once the 4 reais level is crossed. Other fundamental aspects in favor of this view are the Brazilian Government several recent failed attempts to revert the current negative patter, the decaying Brazilian economy and the country's political turmoil. We can't see any fundamental that could revert the course of the REAL devaluation, on the opposite the odds are stacking against it. Technically speaking the only positive aspect of the chart for the REAL is the overbought RSI/Scholastic for the USD. That signals a possible incoming reset of these indicators, and we would expect some sideways action for couple of months until the 4 Reais level is broken. We favor a long USD for the next 24 months trend.
Long
by Allenvik