All roads seem to be pointing to buy limit orders @ 1.4990 - 1.960. Price will likely head towards 1.5300 and turn back for the trend line and consolidate there for a bit and continue its long term rally. 1.4990 region is also a past lvl of support + 50% retracement + trendline, can anybody say confluence?
There is also an intraday short setup here as well. Price...
FCS has been pinching since July 2011.
Though I wouldn't recommend any day trading, I'll be interested to see if it can break out of the trend and bring back the bull. Please excuse the poor zoom.
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If the investors have more attention of emerging market and expectation that the principal market to impulse the economy are the finance. Credicorp is an better option to enter of this market to long term.