Hi traders,
On the USDBRL daily chart I'm looking at a potential bearish entry at the retest of the trendline. This area lines up with the completion of the AB=CD pattern and the 38.2% Fibonacci retracement.
Entry: 3.3228
Stop: 3.3960
Target: 3.1898 = R:RR 1.82
Good luck! Updates will follow.
On the USDBRL daily chart I'm looking at a potential bearish entry at the retest of the trendline. This area lines up with the completion of the AB=CD pattern and the 38.2% Fibonacci retracement.
Entry: 3.3228
Stop: 3.3960
Target: 3.1898 = R:RR 1.82
Good luck! Updates will follow.
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