SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame -
Timeframe -
Actions on -
A – Activating Event
Currency Pair creating a Double Top .
B – Beliefs
Market will find support at current levels and move towards the first Target 1 level @ --------
FX:USDPLN
ALL DETAILS MENTION IN THE CHART IDEA
Trade Management
Entered @ Sign up for details
Stop...
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...
The bullish price action needs alot of "mojo" to break above the red critical level. Once broken, I hope price will continue to go upwards from the momentum and test the next important level. I can see alot of Bear Stop Loss orders in the vicinity of the red critical level, if I can see it, big money can too.
whichever side you are at, make sure to always have a...
The US Dollar has been depreciating against the Polish Zloty since the currency pair reversed from the upper boundary of a long-term ascending channel at 3.8400. This movement has been bounded in a short-term descending channel.
From a theoretical point of view, the general direction is expected to be south—the exchange rate should target the lower boundary of...
The pair is rising after it recently priced a Higher Low within the 1D Channel Up (RSI = 55.425, MACD = 0.012, Highs/Lows = 0.0000). We are now expecting the next Higher High near 3.9000. The trade is long, TP = 3.8900.
The US Dollar has been depreciating slightly against the Polish Zloty since the beginning of October. This movement has been bounded in a descending channel.
Given that the rate is supported by the 100– and 200-hour SMAs, currently located near 3.740, it is likely that the pair goes upside within following days. If given channel does not hold, a breakout north...
