U.S. Dollar / Brazilian Real
Updated

Shorting opportunity for USDBRL

253
see chart

we can see that it has met with a few resistance point at 5.75 and also 5.46 level posing as strong deterrent for it to go up much higher.

I am expecting it to fall further once it breaks down from the pink dotted line and heads south towards 4.988.



Note
stop loss hit
Note
another shorting chance, getting ready

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.