PLNUSD trade ideas
RETEST THEN BEARDOWN Waiting on close of 4hour candle. If above trend line buying to 50% Mark of resistance then Sell at retest to next level of support.
Just My Idea.....
Update to previous trade USD/PLNI got stopped out. Didn't consider spread in my stop loss and didn't realize that you see the bidding price in TV not the asking price.
Next time wait for entry until correction is further along then set limit order!
USD/PLN price actionDisclaimer: I am new to forex, but I am trying out an idea here thinking that since the pair is bullish on HTF and we just had a reversal outside of the trendline.
If this takes off I will consider moving my stop loss
Please comment,
Thank you for reading
USDPLN - Sell Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
USDPLN is approaching strong daily resistance in green and round number 4.00 so we will be looking for sell setups on lower timeframes.
on H4: USDPLN is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing low to form around it to consider it our trigger swing. (projection in purple).
Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)
Until the sell is activated, USDPLN would be overall bullish and can still test the 4.00 level or even break it upward.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDPLN!Price is indicating more sells to come.
We could attempt this but understand the risk.
Trade with care use a stop loss.
already break upper channel and done retest entry point should 3.69790
target point is there
may be market execution will be better
USDPLN, Sell on H4.USDPLN, Sell on H4.
H4:
- Structure: Downtrend forming
- Below resistance
- waiting re-testing resistance
=> Sell
USDPLN, Sell on H4.USDPLN, Sell on H4.
H4:
- Structure: Downtrend forming
- Below resistance
- waiting re-testing resistance
=> Sell
USDPLNWe already entered the trade and anticipate Hit our TP, don't forget ride and manage our trade.
USDPLN SHORTOn the daily timeframe market has broke below support and the the trendline with a strong bearish impulse, followed by a nice slow correction to test previous support as new resistance, now we are expecting the continuation to the downside and market to form a new lower low on the daily timeframe, we will be waiting on 4hr TF for market structure during the correction to switch bearish again then we can look to take the short.
USDPLN POTENTIAL BUYUP TREND LINE AND STRONG SUPP RESS. BTW I AM NEW TO TRADING AND WILLING TOCOLLABERATE.
