tradingmago

$4500 pesos for a dollar ?

Largo
tradingmago Actualizado   
FX_IDC:USDCOP   U.S. DOLLAR / COLOMBIAN PESO
If it breaks the 3,900 Mark and maintains that lvl for a couple of days, I would say will go back to test the 4200 high, then $4,500 according to Fib Extension.618. I hope I'm not right like last time when $3,600 seemed impossible
Operación activa:
Big rejection at the 3,900 key level, however still inside the uptrend channel
Operación activa:
broke the channel, lets wait for next week and see if retest the bottom of the channel
Comentarios:
retesting the 3,900 from below.
Operación activa:
Retesting $3,900 level...Key Level as shown with the tick blue line
Operación activa:
Retested the $3,900 barrier....in its way to $4,500
Comentarios:
Seems like Colombian elections along with the recent dollar strength are feeding this trade.
Comentarios:
$4100 new resistance.., will see
Comentarios:
$4100 still a strong resistance, seems to be finally bending today. on its way to $4200
Operación cerrada: objetivo alcanzado:
Well, never expected this to happen this fast. But definitely, political issues speeded this up
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