possible shortprice failed to break previous HH . our support is turned resistance AFTER the collection i expect price to contiue falling
USDPLN trade ideas
USDPLN looks like PLN will get stronger despite inflation scareLong term chart of USDPLN
Charts like to tell the future. That is why i treat them like a magic device.
Despite huge PLN inflation at more than 4% it looks like it will grow stonger against two giants like USD and EUR. Both charts look very similar.
Saving this chart for future reference.
Good luck.
USDPLAN top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis.
Also, let me know your thought in the comment section about what you think about this pair.
Long USDPLN off weekly supportWeekly have strong bullishing engulfing
daily also have 1
wait for a retest to the intraday support at 3.695
USDPLN!Despite what the dollar is doing, we see that this corrective pattern has ended.
We will be anticipating sell entries only.
Trade with care use a stop loss.
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.
