Brazilian Bovespa Index: Long Term
Fairly high probability we see the Bovespa index trade to the downside. This is a great trade because it presents us with multiple opportunities if the stop gets triggered (with a close on the weekly time frame).
Pay Attention to the correlation between USDBRL and Bovespa Index - extremely important as Brazil´s equity market has proven to be extremely sensitive to its currency (for now). Notice Brazil trades lower when BRL weakens ' quite the opposite with other markets, such as the Nikkei and the Yen.
If we see the 3.20´s get hit while the reaching resistance in the Bovespa it should indicate a great entry. (Though this is usually unlikely to occur at the same time.)
Pay Attention to the correlation between USDBRL and Bovespa Index - extremely important as Brazil´s equity market has proven to be extremely sensitive to its currency (for now). Notice Brazil trades lower when BRL weakens ' quite the opposite with other markets, such as the Nikkei and the Yen.
If we see the 3.20´s get hit while the reaching resistance in the Bovespa it should indicate a great entry. (Though this is usually unlikely to occur at the same time.)
הערה
Break below neckline ...הערה
Entry 1 probably coming soon. Be prepared.הערה
Have not yet activated any short entry. I actually see a bullish outcome coming out of this now.. Nevertheless, I will chip in for a small short position at 57300. The risk is extremely low and price is likely to react at 57300. I will take quick profits on any downside move.עסקה פעילה
Short active at 57300הערה
I AM NOW VERY BULLISH ON THE BRAZIL INDEX
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.