USD.BRL - small correction before new highs

Short

Dollar US / Réal Brésilien (FX_IDC:USDBRL)

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FX_IDC:USDBRL Dollar US / Réal Brésilien

trendanalysis waveanalysis brl brazilianreal brazil brasil currency currencies usdbrl

Brazilian real reached R$5.35 on April 9, as predicted in a previous post. It is now tracing a minor wave 4 that when completed will turn turn to another last move up in minor wave 5 that should elevate the currency to around R$5.45 to R$5.50. The most probable time frame for this target is around 3 to 4 months form now. This last move should complete primary wave 5 and after this the major trend should turn down. FOLLOW SKYLINEPRO TO GET UPDATES.

Trade fermée: cible de profit atteinte:

USDBRL reached 5.75 is now in a downtrend path.

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