USDPLN 1H - ABCD Pattern
Analysis:
USDPLN is currently in a bearish trend. Price is printing a potential ABCD pattern. If the price breaks below 4.256599 which is level B, it will be a sign of bear trend continuation. In this case we can enter in a short trade. For this trade the stop loss will be level C at 4.308155.
------ Trade ------
Type: Short
Entry: 4.256599
Stop Loss: 4.308155
TP1: 4.205043
TP2: 4.153487
USDPLN is currently in a bearish trend. Price is printing a potential ABCD pattern. If the price breaks below 4.256599 which is level B, it will be a sign of bear trend continuation. In this case we can enter in a short trade. For this trade the stop loss will be level C at 4.308155.
------ Trade ------
Type: Short
Entry: 4.256599
Stop Loss: 4.308155
TP1: 4.205043
TP2: 4.153487
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