fabiomagno

American currency most likely to appreciate against BRL

FX_IDC:USDBRL   U.S. Dollar / Brazilian Real
In this chart we can see the demand growing gradually, even finding a resistence in 5.85, this moving has formed a triangle, and when it break up the target will be in 6.89! The clear accumulation can preventing us from taking stops! By another way if we see a closure under the ascendent line the price will enter into a lateralization or even make a reversal! Good Trades! Thank you for your attention!
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