USDBRL - possible minor correction to 5.2 before last leg down

As predicted in the post of May 26, USDBRL reached a level a few points below the target for the correction. Now USDBRL is tracing minor wave A down and it is currently at the beginning of minute 4 up that could reach levels around 5.20. After this the currency pair should enter in the last leg down to complete wave A (our current target for this is at R$4.87) When wave A finishes, wave B should elevate USDBRL to the range between 5.42 to 5.55 before it continues its trend down again. FOLLOW SKYLINEPRO TO GET UPDATES.

Trade fermée: cible de profit atteinte:

The currency pair reached some points below the forecasted target and the trend (counter-trend) inverted as predicted. See updated post.