USDCLP - posicion alcista !Podemos ver buenos indicadores en el grafico diario del dolar/peso Chileno el cual ha hecho un re-test de los 0.618 de fibonacci, podemos observar un Lower Low, en los 646 y un Higher low en los 652,5 el cual nos indica una buena posicion para tomar compras.
La caida del cobre nos ayuda en esta vision del par y podemos ver a corto plazo un objetivo de 679 y a largo plazo los 700 se ven bastante atractivos, un Stop loss estaria bien ubicado debajo de los 646.
Buena suerte !
USDCLP trade ideas
Support turned into Resist!It seems that the longtermtrend broke these days. The Pair tried to recapture the trend, but the test was directly sold again -thats bearish!
If the pair can`t recapture this trend, the momentum is bearish - only trading above 670 respective 680 will brighten the chart.
Imo, we are on the way down to the 38,2 fibo @ 630. 646 is the pro cyclical main trigger for that Szenario
Comments are welcome -Agree or disagree !
#USDCLP: Bears Out OF Steam, Bulls Active!USDCLP is offering a great upside opportunity. We had a bear impulse leg and it's clear the bulls consider this oversold and are reloading for further upside. We have a higher low and a clear Copper price drop, giving room for Chilean peso to do it's thing.
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#USDCLP 2 Posibles Patrones Armónicos FX_IDC:USDCLP está en zona potencial de reversa (ZPR) debido a un Gartley alcista, si el precio rompe el soporte en 655 el patrón queda invalidado.
Por otro lado, en torno a 600, completaría un patrón Bat alcista.
(Para ambos patrones, si se ve una reversa alcista en ZPR ¨A+¨)
Objetivo 1: B
Objetivo 2: C
#USDCLP: Opportunity To Short!The pair was in downtrend then we had a bull correction which reached the sideways resistance line where we have formed a rounded top indicating weakness so looking for a short set up this or next week
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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.
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Cheers,
Ivan Labrie.
USDCLP: Longs At Key Level, Bull Momentum To Be Seen! -ForexTraders,
We will see nice bullish momentum here after hitting a intermediate term extension leg target, congruent with the support resistance transition zone, followed by the nice candlestick signals seen in this zone. This is genuine demand here. Long.
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Tom
#USDCLP-UPDATE: NICE SHORT OPPORTUNITY AT TOP OF RANGE! #FOREXTraders,
UPDATE, Another set up where we have made significant profits and great money. Well done to all who followed this idea.
Nice technical set up for USDCLP here. Really like the set up and there's bound to be some bear momentum into the new week ahead. Also worth noting that the 3 wave system target is extremely likely in my professional opinion.
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Best of luck,
Tom
#USDCLP-UPDATE:SHORT OPPORTUNITY AT THE TOP OF THE RANGE! #FOREXTraders,
Update on this trade, very good move so far, well in the money. Well done to everyone who caught this move. A special well done to my signals group, we have had some amazing moves in my group recently,making some serious gains.
Nice technical set up for USDCLP here. Really like the set up and there's bound to be some bear momentum into the new week ahead. Also worth noting that the 3 wave system target is extremely likely in my professional opinion.
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Best of luck,
Tom
#USDCLP: Nice Short Opportunity At The Top Of The Range! #ForexTraders,
Nice technical set up for USDCLP here. Really like the set up and there's bound to be some bear momentum into the new week ahead. Also worth noting that the 3 wave system target is extremely likely in my professional opinion.
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Best of luck,
Tom
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.
#USDCLP#Copper- Update: Compelling Technical Breakout AheadTraders,
UPDATE: We are moving well and we are way in the money. Well done to my signals group for this one, expecting this to continue for the longer term. USDCLP long and Copper short as said before. Copper is part of a longer term down move, which might push USDCLP for longer periods of time.
With USDCLP breaking a long term support trend line, we are maybe about to see a nice break down, where we may see a mark down, or a correction to the lows of the range. This will likely ignite copper prices as well. Also keep an eye on NZDUSD when trading USDCLP and Copper, since you can add NZDUSD into this trade to make a nice, and safe reliable currency basket.
Best of luck
Tom
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USDCLP:Seeing Bear Advance-Still Need To See Force #Forex#CopperTraders,
With USDCLP breaking a long term support trend line, we are maybe about to see a nice break down, where we may see a mark down, or a correction to the lows of the range. This will likely ignite copper prices as well. Also keep an eye on NZDUSD when trading USDCLP and Copper, since you can add NZDUSD into this trade to make a nice, and safe reliable currency basket.
Best of luck
Tom
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#USDCLP: Expecting Shorts For The Longer Term #Copper #ForexTraders
With USDCLP showing bearish intention at this very moment, and the idea that it is showing a rounding appearance, suggests to me that this correction may be a longer term correction, and we can use this for not only a short term profit maker, but a longer term investment also for longer term profits.
We can use USDCLP moves with my favorite correlation, which is Copper. We can short USDCLP against longing Copper, but timing is key. This correlation is not ready to go yet, and in my professional opinion we want to see what happens with USDCLP when it retests the upside at the 50MA. If it fails and comes down, it means in terms of cycles, USDCLP is most probably looking for its mean price, and I expect that will cause a critical correction and will be strong and very profitable. I also think, the gravity of the move will force Copper from it's hump and into the light, with an up move, well earned, after a massive long term down move we have seen.
Best of luck,
Tom
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USDCLP:Watch Closely For Reversal Against Copper In Near Future!Traders
This analysis won't be effective immediately, and it may take some time for set ups to occur, this is a watch list situation traders.
With Copper potentially reversing, we could find an opportunity to short Chilean Peso as well. This can be done in a way where we can easily offset risk in trading long, short here. Chilean Peso today has shown weakness as Copper's correction is still in progress... A bigger correction in Copper could mean a good trade here against the Chilean Peso counterpart, and could result in a nice investment.
Copper, is still in reaction, and we are hoping for a high close today in copper to confirm the reversal off the morning star signal, that will bring copper out of the lows it's been in for so long.
When Copper confirms, we will wait, and validate potential shorting areas in Chilean Peso too.
Copper has been struggling, and is in an area of major lows of 6 or so years... Something to bear in mind when deciding this trade..
Best of luck,
Tom