USDPLN trade ideas
USDPLNThe sell train has left entry was after London open. Main lows taken target 2nd lows
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USDPLN UpdateHitting the mark as we said - s3.tradingview.com
Expecting some pullback and maybe a ranging market before we see some buying. I dont think this low will be broken just yet but will keep an eye on it
$USDPLN #FOREX ready to backtest some previous resistance areaConfirmation of a breakout may be a signal for 4.35 +
USDPLN: Long opportunity within a 1D Megaphone.The pair is trading within a 1D Bullish Megaphone pattern (RSI = 63.428, MACD = 0.027, Highs/Lows = 0.0246) since the late June bottom. On September 13th it even tested and held the 3.90000 1D Support which is more than enough (along with the 1D MA50) to sustain this uptrend. Our goal is the 4.10000 1M Resistance which has been holding since the Lower High in March 2017.
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USDPLN testing rising channelParity reached a lower band of the rising channel. Price movement can continue to climb till 4.05 level. If we see a decline below to 4.00 level price might continue to fall.
USDPLN SHORT the polish zloty has been bullish for the past year, and i believe in the process it has formed an ascending channel. the price has reached the resistance of the channel and it has slightly formed a double top in the process. going short at the current market price is the best thing to do, with a really tight stop the risk reward ratio is impressive.
USDPLN Buy SignalPattern: Head and Shoulders on 1D.
Signal: Bullish as the Right Shoulder formation bounced on the 4H Support.
Target: 4.9900 (just below the Resistance).
USDPLN formed a bullish shark | A good long opportunityPriceline of US Dollar / Polish Zloty has formed a bullish shark and entered in potential reversal zone to hit the sell targets soon insha Allah.
I have defined the targets using Fibonacci sequence:
Buy between: 3.92700 to 3.90748
Sell between: 3.94348 to 3.98155
Regards,
Atif Akbar (moon333)
