I think this can be the bottom of the recent pullback in the Brazilian Real. I'm long 
BRL as an oil proxy here, shorting 
USDBRL with a tight stop at 3.3415.
The political crisis might be averted, and the currency can soar, specially with the extreme negative sentiment currently affecting it.
Best of luck to our brazilian friends, and to anyone taking the trade.
Ivan Labrie.
BRL as an oil proxy here, shorting USDBRL with a tight stop at 3.3415.The political crisis might be averted, and the currency can soar, specially with the extreme negative sentiment currently affecting it.
Best of luck to our brazilian friends, and to anyone taking the trade.
Ivan Labrie.
Note
Strong move in the real, as the market sees relief from the political crisis.Note
Note
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.