USDPLN trade ideas
USD/PLN a short move 🦐The market just retrace and hit the 0.382 fib level of the previous downtrend move.
Now looking to break the resistance structure.
According to our entry rules we can look for a nice short position with a first target around 4.075 level.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
USDPLN - Equilibrium 1DHello TV Friends!
When we take a look at the daily chart we can see that we are trading in a equilibrium pattern.,We are setting lower highs and higher lows and the range is getting smaller which eventually leads to a break.
If we don’t break this pattern bullish then we formed a double top and we might retrace.
If we break this pattern bullish and break resistance we normally will see a rally to the next major resistance zone.
Both Targets are on the chart, enjoy!
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USDPLN XABCD Bears 5% dump(NEW)before we kick start the update. your upvotes/subs are appreciated.
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So without further due. Keep it short/simple and to the point.
USDPLN XABCD Bears 5% dump(NEW)
IMPORTANT NOTE: this is speculative setup.
results not guaranteed. do your own due dill. at all times please use a stop loss.
Speculative XABCD setup in USDPLN on H2/H4 chart.
PRZ at 4.2720. 5% dump possible from PRZ.
wait for either of the above to get confirmed
and enter upon reversal in the PRZ.
good luck traders.
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$USDPLN mast with flagLooks like $USDPLN is forming flag on top of the mast which might result in another upward movement. If this happens the classical rule is that the flag is half way the mast and this means we might observe another similar extension to PLN4.60 for US$1.
Important note is that if the sideways move continues it is most likely to result in downtrend.
Please use your own research and use SL or hedge.
The zloty is deemed as undervalued in the foreign exchange markeUnfortunately for the Polish zloty, it won’t be heading on the same recovery track along with other currencies in the region. Thanks to the unnecessary rate slash from the Polish central bank, the zloty is deemed as undervalued in the foreign exchange market now. This leaves room for bullish investors to maneuver, pushing the pair higher back towards its resistance. Although the broader weakness of the US dollar is slowing down the pair’s rally. Nevertheless, the pair widely anticipated to reach its resistance once again this month. However, the question of whether the bulls could break through the resistance area remains standing as the greenback also faces several hindrances mainly regarding the increasing number of unemployed citizens. The United States’ private sector reported an employment change of -20.2 million yesterday. A drastic drop thanks to the coronavirus brought lockdowns that ultimately forced companies to cut workers.
Quantitative Trading analysis for UsdplnWe entered another short position for usdpln as it has net buyers of 6 on our quantitative model algorithm with a cumulative quantitative value of 1295 which is above 925 for a trading confirmation.
The USD/PLN - shortThe USD/PLN with the retest of the weekly resistence seems to continue down .
I will enter the trade on the 4H chart.
USDPLN Short opportunityFailure to gain on USDPLN. I will be taking bigger profits on the levels below. Remember about proper risk management, gl!
USDPLN, H4 - inverted head and shoulders and triangleOn the H4 chart of USDPLN currency pair, we may spot a potential triangle and an inverted head and shoulders pattern. The triangle pattern has been broken to the upside along with the neckline in the H&S pattern.
The textbook target for this pattern seems to be located near the previous high at 4,28 PLN.
The nearest support could be located at broken resistance at 4,19 PLN.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
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USDPLN breakout Long USDPLN on break of 4.20 and flag consolidation. First target ret-test of previous ATH 4.29 region and longer term target new highs to 4.50
USDPlN short on the level of 50 and 61.8 of fibo the entry was there and after the breakout still waiting to hit 4.075488
