USDPLN can this go lower ?USDPLN created a nice double top and is now on track to the 38.2% FIB, let's see if we get a pullback from there to give the shorts a discount to go short again. My take profit target would be the bottom of wave 4.
PLNUSD trade ideas
Trading Signal: FOREX Buy Dollars Sell PLN (USDPLN) breakout froUSDPLN pair broke out from downtrend 2 weeks ago and continues to go up.
Entry Point: Consider entering a long (buy) position in USDPLN once the price breaks first resistance at 4.15300 marked on a chart.
Stop Loss: Place a stop-loss order at 4.11500.
Take Profit Targets:
Target Price 1: Set the first target price at 4.24200-4.26500 between two first resistance.
Target Price 2: Set the first target price at 4.4600 below major resistance.
USDPLN: Hidden Bullish Divergence at Channel Demand LineUSDPLN on the Higher timeframes has generated some PPO arrows and Hidden Bullish Divergence at the Demand line of an Upwards Slopping Channel, which also happens to align with the 200 SMA. If it can hang on from here, I think it will make a run back up towards the top of the channel.
Weekly chart is oversold Now with the oversold conditions at hand down the road a long position can be forecasted from this point on
USDPLN - Bearish - Fib and TrendlineFrom trend line in Daily chart it signaled that bearish trend might continue as price is testing Fib 0.382 level and may continue to move downward and breaks LL 3 level.
USDPLN: Seizing the Bullish Momentum🚀📈 USDPLN: Seizing the Bullish Momentum! 📈🚀
📊 Technical Analysis: USDPLN, the forex currency pair, is currently exhibiting a picture-perfect bullish trend on the 1-hour chart! 📈 The price action is riding the waves of a strong and steady bullish trend line. 📈📈 Additionally, the Momentum Indicator RSI shows no signs of divergence, confirming the sustainability of the bullish sentiment. 🚀💹
💹 Trade Plan:
📌 Long Entry: 4.015097 📈
🛑 Stop Loss: 3.992900 🛑
🎯 Take Profit: 4.037315 🎯
📊 Rationale: The technical indicators align beautifully, paving the way for a long trade on USDPLN. We've entered at 4.015097 to capitalize on the ongoing bullish momentum. With the stop-loss set at 3.992900, we are effectively managing risk and ensuring protection against unforeseen market movements.
🎯 Take Profit Target: Our take-profit level is set at 4.037315, aiming to capture potential gains as the bullish trend continues. This level marks a significant resistance area where the price might encounter selling pressure.
📈 Trade Responsibly: Always remember the importance of responsible trading. Only trade with funds you can afford to lose, and maintain a sound risk management strategy. Stay informed about market developments to make well-informed decisions. 🚀💪
🔍 Chart Indicators:
📌 Bullish Trend Line
📌 No RSI Divergence
💡 Stay Technical, Stay Informed! 💡
#USDPLN #ForexTrading #BullishTrend #TechnicalAnalysis #TradeResponsibly #BullishMomentum #TradingView #HappyTrading #MoneyBag 💼💰
USDPLN : Bullish Outlook 📈🚀 USDPLN: Bullish Outlook for Monday Trading! 🚀📈
💡 Technical Analysis: The USDPLN forex currency pair is showcasing a perfectly bullish trend on the 1-hour chart!
📈 The price action is forming higher highs and higher lows, supported by a strong bullish trend line.
📈📈 Additionally, the Momentum Indicator RSI exhibits no signs of divergence, reinforcing the robust bullish momentum. 🚀💹
📝 Trade Plan: Preparing for a LONG position on USDPLN as the market opens on Monday.
📌 Entry: 4.008740 🚀
🛑 Stop Loss: 3.990300 ⛔
🎯 Take Profit: 4.027180 🎯
📊 Rationale: The technicals suggest a highly opportune moment to go LONG on USDPLN. The entry at 4.008740 aligns with the ongoing bullish trend, while the stop-loss at 3.990300 ensures prudent risk management, guarding against unexpected price movements.
🎯 Take Profit Target: Our take-profit level is set at 4.027180, aiming to capitalize on the continuation of the bullish trend. This level represents a potential resistance area where the price may encounter some selling pressure.
💼 Manage Your Trades: As an astute trader, always remember to employ proper trade management techniques. Adjust your position size according to your risk tolerance, and stay updated with market developments.
🔍 Chart Indicators:
📈 Bullish Trend Line
🚀 No RSI Divergence
⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Trading foreign exchange carries inherent risks, and past performance is not indicative of future results. Always conduct your research and consult with a qualified financial advisor before making any trading decisions.
Happy trading! 🚀🌟 #Forex #TradingView #BullishTrade #CurrencyPair #TradeResponsibly #BullishMomentum #ForexAnalysis #USDPLN #Bullish #ForexTrading #TechnicalAnalysis #TradePlan 📉📊💹
USDPLN LongOn the USDPLN currency pair a trading opportunity to buy is building. I would look for the first purchases at a price around 4.24 and if this level does not hold, then only at a price of 3.98. I would manage the exact entries from a lower time frame only when the price approaches these levels.
USD/PlLNHello friends, in this chart with such a structure, I have a bearish view and it is suitable for futures trading
USDPLN Resistance levels, Weekly EMA 200- LONGHello fellow traders,
This idea is based on the fact the price has reached 4.10 being the lowest for a long time and as it's also on the weekly EMA200 it's a good place for the price to have a turning point at least to the Fib level of 0.382 at 4.25
This is not a trading advise it's just an idea so trade carefully, place your bets with s/l being at your own nerve resistance level :D good luck!
USD?/PLN Support BulllThe USD/PLN currency pair is currently hitting a crucial support level, signaling a potentially significant opportunity for those looking to capitalize on the market's movements. This announcement brings with it a multitude of possibilities for traders seeking to enhance their portfolios and make informed trading decisions.
USDPLNBook scenario, a correction within a falling wedge pattern, with an upward impulse after the correction ends. On larger timeframes the trend is up
4.25$ SupportDollar once again hit 4.25$ level which was resistance from 2016 to february 2022 when price went above and this way created support which was tested in may/june 2022, january/february 2023 and right now. It seems solid so I would expect 5$ level retest in the near future and that way creating double bottom on current support. But if price will go below 4.25 and the volumen will be significant it can fall down. On 12th April US CPI level is going to be published and on 14th April PL CPI. Having up-to-date information, I do not plan to open a position earlier than next week.
USDPLN 1H - ABCD PatternAnalysis:
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
Long tradeBounce from .618 Fib and on macro support.
Bullish div on RSI and bullish dot on MC indicator.
USDPLN BEARISHUSDPLN Pair is in Bearish trend printing LH and LLs in 1HTF. At last LH inverted Hammar is there, drop is expected
DXY PLNITs very hard to discribe what going on here but if this is doing SOS of 13 years reaccumulation most likely we gona see 5.5 + rather 3.8-
USDPLN & USD in for ONE LAST PUMP! Form Right Shoulder then DUMPUSD looks Bullish for one last leg up. In meanwhile, BTC and Crypto will dump. One USD is done creating the right shoulder of this massive Head and Shoulder pattern, it will dump heavily and BTC will then enter Bull Market.
Sorry for messy Technical Analysis. No time to make it neat before publishing.
PLN/USDI think PLN is might have change to get stronger soon. However im not loving FTX i want to see this one. Wyckoff
