WDO1! trade ideas
Pullback on dollarQuick scalp on the Future US Dollar against the Brazilian real. It's a pullback trade, which means it's pretty risky on my concept. (You are trying to find a quick reverse with a poor r/r)
Brazilian Real may have bottomed.Very interesting setup on the Brazilian real.
- On the Weekly chart, we can see the room for improvement we have. Both on price and RSI.
- On the Daily chart we can see the very nice Adam & Eve Bottom and how price achieved to do a higher low.
Watch about the daily closes and RSI (daily) that need to break 54 for a significant push / reversal ?
EEM diverging from EMFX aggregateEMFX aggregate is the:
BRL,INR,MXN,TRY,RUB,KRW,ZAR,PLN
These have decoupled (lost correlation) or rather ignored the advances in the EEM.
Room for re-coupling soon.
