Hello traders
Polish zloty almost reached double top formations. At higher timframes, bearish divergences can be seen. My proposition is short from the weekly resistance.
Let me know what are you thinking.
Trade safely
Here we have two big saints on the H4 chart signaling a big sale. I believe that this couple will start in a declining trend.
Entry: 4.1721
TP1 4.10
TP2 4.00
If the ratio returns as 4.21 we need to get out of the trade.
I risk only 3% of my capital.
For demonstration and educational purposes only. Price is in an overall downtrend and is pulling back, testing 61.8% key fib level twice, which is also a key zone in the market. If price rejects look for a great reward to risk ratio and possible 1200 pip move. Watch price action for clear evidence of rejection. Keep in mind also the strength of the dollar along...
OANDA:USDPLN
Resistencia fuerte donde suele rebotar el precio.
Agosto 2018: el precio rebotó en la zona de resistencia.
Octubre 2018: el precio rebotó en la zona de resistencia.
Noviembre 2018: el precio rebotó en la zona de resistencia.
Febrero 2019: el precio comienza el rebote en la zona de resistencia, se comienza a confirmar con velas rojas de...
Why I belief like this.
Plan A
As the EURO is getting ready to go North. The EURO is a leading indicator for the Zlotty. So fundamentally the USD/PLN has to go down.
The Trendline which had acted as Support has been broken and is acting as resistance.
Remember their are always 3 scenario's how a trendline can play out.
The you see some rejection allready, for...
