Usdplnshort
USD/PLN Possible 1200 pipsFor demonstration and educational purposes only. Price is in an overall downtrend and is pulling back, testing 61.8% key fib level twice, which is also a key zone in the market. If price rejects look for a great reward to risk ratio and possible 1200 pip move. Watch price action for clear evidence of rejection. Keep in mind also the strength of the dollar along the way, which would impact movement. Trade at your own risk and use proper risk management.
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Polonia a la baja!! // Poland goes down !!OANDA:USDPLN
Resistencia fuerte donde suele rebotar el precio.
Agosto 2018: el precio rebotó en la zona de resistencia.
Octubre 2018: el precio rebotó en la zona de resistencia.
Noviembre 2018: el precio rebotó en la zona de resistencia.
Febrero 2019: el precio comienza el rebote en la zona de resistencia, se comienza a confirmar con velas rojas de venta.
Strong resistance where the price usually bounces.
August 2018: the price rebounded in the resistance zone.
October 2018: the price rebounded in the resistance zone.
November 2018: the price rebounded in the resistance zone.
February 2019: the price starts the rebound in the resistance zone, it begins to confirm with red candles for sale.
USD/PLN gearing towards the SouthWhy 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 first target (I put a flag a a symbol, the first green barrier will stop price slightly.
Plan B
If none of this plays out, and EURO has gone south and became bearish, go long on PLN. As an extra the overnight cost "swap" are favourable for a long.