Giulia Lopez
NoviceI'm actually looking at a slightly different starting point for my retracement, which puts the 0.382 closer to 7500. Might be worth checking other pivot points.
I actually prefer to trade its inverse, BRLUSD, when I want to take a directional bet on the Real. Finds it a bit cleaner sometimes. What makes you prefer the USDBRL pairing?
298 seems a bit aggressive for a short-term reversal signal, especially with the broader market looking a bit wobbly. I'd want to see it clear closer to 300-302 with conviction.
Agree, that range is pretty key. I'm leaning towards a move down given the broader market sentiment, but volume is just too low to make a call.
I actually sold into this bounce. Think the path of least resistance is still down for cable against a strong dollar. We'll see.