USDPLN trade ideas
USDPLN- Great time to open SELL positionUSDPLN after a short break with a declining trend is trying to continue with lower blows.
Here it is wise to open the SELL position and monitor if it happens that the daytime spark plug is canceled by the candlestick, then you should watch and choose the moment to close the position so that there are no unnecessary losses. This currency pair has a chance to hit up to level 4.0.
Trade safely.
USDPLN Lots of uncertainty in the growing trendThis currency pair has had a lot of uncertainty about the direction of movement for several days.
If the Omicron strain were to grow dizzyingly in the US, it is very likely that it will move towards 4.0.
We have to take care of the risk in order to trade as long as possible.
Inflation in Poland is also growing dizzyingly, the effect of the TURKISH LIRA may appear ... :)
USD PLN - SELL positionWhen I look at the daily chart I see that the MA100 is far from the current price, on the other hand last week on the daily level we had several times higher prices or 4.10, it seems that this currency pair will move to 4.0 level next week.
On the other hand, we have several important events for the USD, which will additionally create sales pressure.
Next week, Wednesday will be a crucial day for the movement of this currency pair.
Should there be green candles on Monday and Tuesday , we may need to consider selling with the obligatory SL.
I will probably sell, but maybe on 4.09 or 4.10 with SL 4.11 or 4.12.
Thank you
USDPLN EMA 200 USDPLN, encountering the EMA200 line, what could that mean?
It will probably have a certain stay at this level for a couple of days, if the ipk is one day with a big green Japanese candle, there will probably be a change in the trend and a transition to growth.
My personal opinion to begin with will stay here. and will have several tests.
USDPLN variant.
start of implementation to the bottom.
the fibo level coincides with the upper border of the ascending channel, so this is the most likely target if, of course, it passes through 61% (there will be a slight upward movement) perhaps a little to the border of the H1 channel.
but I consider it risky to try go down.
USD-PLN breaks the .702 fib extensionBreaking above the .702 fib extension is a bullish indicator for the currency pair.
My immediate target is up at around 4.30 in the midterm (next few weeks to months).
From there we will have to see if the pair will respect the previous ATH on the pair or if it will execute the massive multi-year cup and handle and break out to ~5.50.
I plan to enter a small position at 4.30 with a target of 3.80 and a SL at 4.40
If the SL triggers my next attempt at entry will be 5.50 targeting 4 flat with a SL at 5.65
yano14 | USDPLN long after pullback. Target 4.30 Why long?
-Poland has the biggest inflation in EU
-Poland has conflict at the boarder with Belarus
-Polish government hands out money a lot
-USDPLN crossed psychologic 4.00 area
Wait for pullback to 4.00
Remember about risk and do not overleverage your positions.
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Few Years USDPLN Market phases - Price Action Market phases - Price Action
The market can only go in three directions:
1. up,
2.down,
3. sideways.
With high / low defined, we can use several charts to identify these market phases and start a simple search for our Swing Highs and Swing
Lows.
In short:
• the market rises when price makes higher highs and higher lows.
• the market goes down when the price makes lower highs and lower lows,
• The market goes sideways when price does not make higher highs and higher lows or lower highs and lower lows.
It may sound childishly simple, almost like stating something obvious, but
you will be amazed how often people forget these simple facts. One
the most important question is: "Where is the market going?"
A trend shift to a downtrend occurs when we see the following
sequence:
The change of direction is confirmed when price drops below the last lows
(as seen in the chart above). Otherwise
speaking, this is a 1-2-3 reversal - you go short (sell) after
correction at the level of the blue line. or sell to the level of the blue line (then repeat after correction, and re-sell )