arturoduran

USDBRL Retracement lines for short

Short
FX_IDC:USDBRL   U.S. Dollar / Brazilian Real
According to the Fibonacci Retracement lines, there is a resistance zone at $3.97. Plus, the MACD is at the "overbought" zone. Taking on count this, we can set a short position to the next support line fitting with de fibonacci lines. Take Profit on $3.5108 and a Stop Loss at $4.0259. Ratio risko reward 2.64
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.