USD.BRL - small correction before new highs
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 closed: target reached
USDBRL reached 5.75 is now in a downtrend path.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.