USDPLN Short ScenarioGood afternoon traders!
So far I have found only a short scenario on this pair, perhaps a long scenario may emerge once price breaks out to the upside of the rectangular range; until then, however, I remain relatively quite bearish.
It will be interesting to hear your views. Cheers.
All the best!
USDPLN trade ideas
Short Analysis Explained on USD/PLN by ThinkingAntsOk4H CHART EXPLANATION:
Price is trying to get inside the broken Daily Ascending Wedge, but now is facing the Daily Resistance Zone. We consider it may bounce here and get outside the wedge again. If that happen, then price has a strong bearish potential towards the multiple support zones. It would be necessary for the Ascending Trendline to be broken to confirm the downwards move.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
Short Trade and Full Analysis on USD/PLN by ThinkingAntsOk4H CHART EXPLANATION:
In the 4h chart, we observe that price bounced at the Resistance Zone, breaking down the Ascending Trendline. At this moment it is on a corrective structure pullbacking the broken trendline. We expect a breakout from here, and the bearish movement has potential to reach the next Support Zone.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly: