raserrano

#USDCRC pair, long position opportunity

Long
FX_IDC:USDCRC   U.S. DOLLAR / COSTA RICAN COLON
This is one of those rare cases where the #USDCRC pair is placed in a position that will get you some profit no matter what happens. Currently it is moving downwards towards the 583 level it will meet a trend and possibly break towards an accumulation phase that will try to get back to the monthly level of 589. If the move cannot keep the trend and keeps falling within the wedge the lower possible price will be around 575 and then recover to the trend line above the 583 level. The other possible scenario is once it manages to reach the 589 level is the test the 609 weekly level which was the previous high level. Accordingly to the economic situation it is very likely that the #USDCRC pair will end up around 650 level so this is the last chance to buy at this lower levels.


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