This is not a trade I am making. There's not liquidity for this and even if there was my desire to remain sane would make me very wary of fading this.
With that being said, purely as a TA stress test exercise, I think this is a high.
USDARS BULLISH SINCE YEARS
See the chart
The Argentine peso has had a tumultuous life. In the 1980s it was temporarily dethroned by a new currency called the austral. An arranged marriage with the dollar in 1991 produced some years of bliss but ended in a ruinous divorce. More recently, the peso has suffered the humiliation of being tagged the worst-performing...
Technical Analysis
Trend Bullish
Weekly Long
Daily Long
10H Long
4H Long
2 H Long
30min. LONG
Strategy Bullish
My Trading Conditions and my Rules(This are the Rules I follow,and they are no financial adivice for others)
Trade Consditions Higher Highs Higher Lows
Trade Rules: Taking only Buy Signals
Trade Rule 2: Only Buy Signals
Trade Rule 3: Exit only, if a...
Argentina attempts to lock it's population into the declining Peso.
cointelegraph.com
Sound money will endure
The easiest way to short FIAT/ARS is to Buy Bitcoin.
#Bitcoin #BTC
Introduction
I originally published this piece on September 8th, 2022, when the Peso was at ~140:1. I am republishing it to TradingView to celebrate the 170:1 mark, made possible with consistent advances to TradingView's Idea publishing. I believe we will continue to see devaluation of Argentina's currency as a deterioration in commodity prices continues, along...
SUMMARY: Short, not sure if it NDFs are available for ARS.
When a meltdown occurs in the US, Argentina will go through another default potentially a new currency will be created.
SUMMARY: Not a good asset to HODL - risky to short as it is already oversold.
Crypto is growing in LATAM.
-- Technical --
Looks bad
-- Fundamentals --
Even worse.
Only a revolution can fix this one.
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
SO: What do you...
Hi traders!
In this video I look at:
- updates on my development as a trader;
- looking at exotic pairs;
- comparing various exotic pairs (USD/ARS, USD/TRY, USD/MXN) to the S&P500 and US Dollar Index (DXY);
- conclusions.
Take care!
Thanks for watching, I love you all.
Francesco
