USDBRL ST - October

USDBRL ST - October

4 outubro 2015, 17:01
Ildeli Santos

USD/BRL  (Swing Trade)

Bullish bias above 3800 and 3900.

My preference:  Long positions above 3800 with targets at 4060, 4340 and 4700 in extension (Fibonacci Projection).

Alternative scenario:  Below 3800 look for futher downside with 3700 and 3500 in extension.

Comment: Santo Indicator strong and above the band. When Santo Indicator and Price get new top at the same time, we still believe in bullish movement.

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