CHFPLN Buy Idea @Monthly Demand Zone (3.4571 - 3.3641) Buy Limit: 3.4588 Stop Loss: 3.3390 Take Profit: 3.6983
CHFPLN is on a strong 1D Channel Up (RSI = 58.946, MACD = 0.025, Highs/Lows = 0.0179, B/BP = 0.0545), rising after making a Higher Low at 3.66326. We are going long with TP = 3.81038 (previous Higher High).
CHFPLN Buy Idea @Daily Demand Zone (3.5281 - 3.5081) Buy Limit: 3.5281 Stop Loss: 3.5058 Take Profit: 3.5598
CHFPLN Sell Idea @Daily Supply Zone (3.5546 - 3.5688) Sell Limit: 3.5546 Stop Loss: 3.5755 Take Profit: 3.4933
If the downtrend on stock exchanges does continue the break gets even more probable
Another harmonic pattern available at a very strong support area. Stochastic is also nicely oversold. Wait for confirmation before buying. If price leaves our box from the bottom im no longer interested in this setup. Lets see what happens. :)
Enter first short on CHF/PLN. Take profit at 3.95. Keep trading the pattern and enter a long position to 4.20.