chilean peso going towards 500-400 rangechilean peso going towards 500-400 range as newly elected right-wind president Sebastian Pinera takes seat
CLPUSD trade ideas
USDCLP. Chilean peso could weaken againThe 2-year lasting correction could be over soon.
Candlesticks in wave Y chart the shape of ending diagonal, which is strong reversal sign.
Wave Y is already equal to wave W as it means that the USD drop was sufficient.
The former major top at the 732 is the minimum target.
See related idea in Turkish Lira, it could be similar.
Start Buying USDCLPDown trend is ending:
- XCUUSD is topping
- Elected president cash inflow almost all priced in
Cayendo en el medioano plazo. Pareciera ser que la ruptura del rango, es solo cuestión de tiempo. Quizás nos sorprenda a su estilo abriendo un día bajo el soporte de la nada. Pese a los esfuerzos de los dueños del negocio por vender la pomada del rango.
