USDBRL Breaking out Point

2020年6月26日

USDBRl is on a mid range with clear chart formation. If it breaks above 5.40 it will try to find 5.90 very soon. On the other side, breaking down it aims 4.80 again on a double top formation.

With the moving averages crossing, the MACD still generating momentum, covid crisis taking off again in the US, risk off momentum can build up, bringing strength to USD and favoring the trade.

2020年6月26日

交易开始

With the break expected we entered the long @ 5.4000

2020年7月2日

注释

Forming a channel with the support on the triangle on that chart. break means a possible exit very close to zero, but staying in the channel means a continuity.

2020年7月9日

交易开始

Failed on breaking higher, consolidating with lower moves. closing below 5.25 opens a huge chance to open a new short with target on th 4.80. All USD dependent though. BRL doesnt have much fundamentals to grind USDBRL lower.