Toerezxer
Short

[1.18 r=1/5] In search of the perfect entry

FX_IDC:USDPLN   US DOLLAR / ZLOTY
8 0 0
Higher time frames significantly and insistently show a reversal to the down side which should last a week. Though, in order to maximize our gain, we are waiting for this corrective channel to get done with what it tries to do. Fib .618 might induce an entry for us, or breaking up of the channel. Some long-holder conservatives friends might put their S/L very far at around 4.

Last month has three "r=1/5" trades, all of which had an happy ending. According to our calculation elsewhere in TV, for risking 1/5 of the capital, one needs to hold 3/5 odds of winning. We are on the track, then.
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