TomProTrader
Long

#USDCLP: Bulls Legitimate, Increased Enthusiasm Next Week!

FX_IDC:USDCLP   U.S. DOLLAR / CHILEAN PESO
43 1 6
Traders,

After a bearish move after the bullish impulse leg, there was a very nice derivative morning star signal at the Fibonacci retracement , where the pair will probably break to the upside out of the corrective structure. The move will probably be a 3 wave cyclic move to the highs, expecting a measure move of the impulse leg into the highs of the range. Target is actually at the historical resistance, which means we have a target that makes geometrical sense.

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hmm.
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