USDPLN trade ideas
USDPLN!Price is indicating more sells to come.
We could attempt this but understand the risk.
Trade with care use a stop loss.
already break upper channel and done retest entry point should 3.69790
target point is there
may be market execution will be better
USDPLN, Sell on H4.USDPLN, Sell on H4.
H4:
- Structure: Downtrend forming
- Below resistance
- waiting re-testing resistance
=> Sell
USDPLN, Sell on H4.USDPLN, Sell on H4.
H4:
- Structure: Downtrend forming
- Below resistance
- waiting re-testing resistance
=> Sell
USDPLNWe already entered the trade and anticipate Hit our TP, don't forget ride and manage our trade.
USDPLN SHORTOn the daily timeframe market has broke below support and the the trendline with a strong bearish impulse, followed by a nice slow correction to test previous support as new resistance, now we are expecting the continuation to the downside and market to form a new lower low on the daily timeframe, we will be waiting on 4hr TF for market structure during the correction to switch bearish again then we can look to take the short.
USDPLN POTENTIAL BUYUP TREND LINE AND STRONG SUPP RESS. BTW I AM NEW TO TRADING AND WILLING TOCOLLABERATE.
USDPLN break then shortUSDPLN Market has formed a double top at daily resistance and has formed a new lower high, we are now waiting for a break below the uptrend on the 4hr and on the retest we can look to short.
Future of Safe Haven currencies --> Flashback to 2008 analysis Hi all!
This is my idea on the future of the so-called Safe Haven currencies. Remember, people in the need of defense against coming inflation turn into currencies or gold as they do not have much knowledge or energy for other assets. This is why good analysis is needed to see in what currency to invest.
In the post-crisis period (4 years), both sides, the euro, and dollar initially behaved the same, reducing from their "crisis" peaks. In the longer term, the euro was most stable, consolidating in the upper/middle limits of the crisis. In turn, the dollar was marked by a stronger initial correction (it lasted about 260 days after the economy calmed down), then the rate accounted for fluctuations due to uncertainty. Frank had the best percentage return, moreover, it did not experience such corrections as the dollar in the same period. Look at the graph and compare the marked period, you will see that all three currencies behave more the same as in 2008.
Key Facts:
- the franc earned the most but the value of covid financial aid is unprecedented,
- the dollar did not repeat the history in 100% and fell below the pre-covid rate (a chance for an increase),
- printing the dollar does not help its rate, rather flooding the capital market with cash (blowing a bubble).
I encourage you to do your own analysis based on your home currency, I used zloty as the second currency in the pair.
Feel free to comment, give your thoughts. Would appreciate it if you like it!
Disclaimer!
This post does not provide financial advice. Always do your own analysis. Be aware that only you are responsible for your trades. Trade safe and keep in mind the risk!
USD/PLN : 🔥 PRICE ACTION ON DAILY TMF + GARTLEY PATTERN 🔔Welcome back Traders, Investors and Community!
Analysis of #USDPLN
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Strategy: Price Action on Daily Timeframe+Bearish BAT - We will be waiting for all the confirmations to enter in this trade.
A clear chart is Always the best business card for a trader.
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Rega
USDPLN short.USDPLN market has reached weekly resistance, on the daily market has formed a nice W formation after a W we expect market to go and test the neckline of the pattern, at the moment on lower TF everything is still bullish we are waiting to see a decelleration and new bearish structure to form, then once our rules are met we can be looking for a nice short.
Short USDPLN - Head and Shoulders 4HHead and shoulders forming on USDPLN 4H.
Reversal pattern on the right shoulder going in the direction of trend. Good luck.
USD/PLN - an irregular correction?The USD/PLN exchange rate has bounced back after the previous strong zloty appreciation. It seems that it has ended thanks to currency intervention by the central bank of Poland. However, it seems that also the market was oversold so the larger correction may appear soon.
Currently, we may observe the first upward movement as the new impulse wave. After that the market could create an irregular correction labeled as ABC. If the C wave is ended we may expect another upward movement as the new impulse wave. The nearest possible resistance levels may be set by 3,76 or 3,84 PLN.
Only a move below 3,61 may change the scenario from bullish to bearish.
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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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UPDATE ON USDPLNHello,as you can see an over extended M formation on the weekly time frame, i'm expecting the market to touch the 0.382 or 0.50 and probably 0.618 of the Fibonacci Retracement taken on the weekly impulse itself before going to the Lower Low
USD PLN BUY (US DOLLAR - POLISH ZLOTY)Hi there. Price is forming a reversal pattern to change its direction.
Watch strong price action at the current levels for buy.
Info from papa George S.Dear Friends and Colleagues,
Bubble burst is comming, cash last investments and buy safe haven currencies.
Good time and equality between us.
