BRAZIL will recover fast; best position for range trade.
I thinks wave 2 has already bottomed at 17.60 in this weekly chart. Now at the base of an accumulation range…finishing with a hammer candle. Best to wait for next candle confirmation. Stoich RSI turning up.
You may range trade …buy at 27 & sell at 48 with some volatility at 37 to 39 mid zone.
Once Brazil’s economy restarts in full gear, Wave 3 of the bigger wave 3 have to continue.
You may range trade …buy at 27 & sell at 48 with some volatility at 37 to 39 mid zone.
Once Brazil’s economy restarts in full gear, Wave 3 of the bigger wave 3 have to continue.