Euro / Polish Zloty

EURPLN IDC

forexjames07

EURPLN had been consolidating within the Descending Broadening Wedge Pattern, since 9th November. After testing the upper trend line for the fourth consecutive time, prices registered a breakout from the pattern. In addition, the bullishness in the pair is being underpinned by the stochastic indicator, where the %K line (sky blue line) is moving above the %D line...

MGRAELBA

I see two ways to go short. I like to be cautious, so I prefer to wait for the price to return to the resistance zone to start trading short.