USDPLX trade ideas
$ strengthening in the mid-term.We have a nice H&S pattern, confirmed by the RSI indicator. In the next few days we can expect a short pull-back to retest the H$S neckline.
After that we should see a bullish impulse move leading us up to 4,20 level. This level is the take profit target for the H&S formation but also the area of the peak of the last consolidating triangle we have broken down from.
GL & HF ;)
Coronavirus cases jumped to 300,000 in PolandCoronavirus cases jumped to 300,000 in Poland on Thursday after it had seen 20,156 new cases, a record the country has never seen. However, the Polish government is insisting on keeping it open. The market is projected to keep worrying about its country after the total number of infections turned out to be thrice as much as its previous record in less than a month. Although the pair’s 50-day moving average is still below its 200-day moving average, the former is arching up to the latter. This shows that the bulls are fighting to push the pair up as the world descends into risk aversion for the near-term market once again. Investors are also expected to be optimistic towards the greenback from its leap in gross domestic product announced yesterday as a result of the government injecting more than 3 trillion US dollars-worth of pandemic relief that fueled consumer spending throughout the third quarter.
SELL NOW BUY LATER : USDPLN Sell now as price is at resistance , however currently we are in pullback and trend remains towards the upside ,
look for potential long setup near Moving average support.
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USDPLN bounced on 0.5 Fibonacci level 🦐USDPLN bounced on 0.5 Fibonacci level and now is testing daily resistance.
IF the price will break to upward and turn the resistance into support, According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
USDPLNwait for divergence to mature then long, dont go too early it could still become both a flat or a ZZ, most likely a ZZ
USDPLNUSDPLN
let's hunt the tp :D
good luck
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USDPLN!Keep moving stops and wait.
Price currently at a strong resistance.
Trade with care use a stop loss.
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.
USD PLN SELL (US DOLLAR - POLISH ZLOTY)Hi there. Price is forming a possible continuation pattern to the downside. Watch strong price action at the current levels for sell.
USDPLN!If you've been following us in regard to this pair, price has reached a very strong level.
This is a daily resistance level.
Two things can happen, a reversal to the downside or a corrective structure.
We saw a big potential on this trade, we were biased on an upmove as price had completed a corrective structure.
So, we need to go up, whether correctively or impulsively.
Trade with care use a stop loss.
USDPLN rounded bottom, indicates a move to the upsideUSDPLN rounded bottom, indicates a move to the upside
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