Week 9 assignment (EXHIBIT A) for USDPKR by PROSHERIFF
USDPKR LONG
LONG BIAS
DOW THEORY: LONG
DIVERGENCE: LONG
TREND LINE: LONG
PARALLEL CHANNEL: LONG
SHORT BIAS
CANDLES: SHORT
FIBONACCI: SHORT (TGT 0.5)
PLAN 1
1. Wait for bullish candles at 215.00
2. If it confirms then take a long position.
3. TP = 226.00
4. SL = Fib 0.5 lvl (210.00).
PLAN 2
1. If the trend line breaks at 215.00 then wait for bullish signals at 210.00.
2. If bullish signals are significant then take long above 210.00.
3. TP = Fib lvl 0.382 (217.00)
4. SL = Fib lvl 0.618 (204.00)
LONG BIAS
DOW THEORY: LONG
DIVERGENCE: LONG
TREND LINE: LONG
PARALLEL CHANNEL: LONG
SHORT BIAS
CANDLES: SHORT
FIBONACCI: SHORT (TGT 0.5)
PLAN 1
1. Wait for bullish candles at 215.00
2. If it confirms then take a long position.
3. TP = 226.00
4. SL = Fib 0.5 lvl (210.00).
PLAN 2
1. If the trend line breaks at 215.00 then wait for bullish signals at 210.00.
2. If bullish signals are significant then take long above 210.00.
3. TP = Fib lvl 0.382 (217.00)
4. SL = Fib lvl 0.618 (204.00)