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USDPLN is approaching strong daily resistance in green and round number 4.00 so we will be looking for sell setups on lower timeframes.
on H4: USDPLN is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing low to form around it to consider it our trigger swing. (projection in purple).
Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)
Until the sell is activated, USDPLN would be overall bullish and can still test the 4.00 level or even break it upward.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDPLN is approaching strong daily resistance in green and round number 4.00 so we will be looking for sell setups on lower timeframes.
on H4: USDPLN is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing low to form around it to consider it our trigger swing. (projection in purple).
Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)
Until the sell is activated, USDPLN would be overall bullish and can still test the 4.00 level or even break it upward.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal