Hi traders, On the USDPLN we can see a bat pattern starting to take shape. Entry: 4.12621 Stop: 4.07372 Target: 4.21494 = R:RR 1.69 Good luck guys!
Hi guys. Keep an eye on this one for a breakout. The wave up looks like a wave 3 in an 3 wave cyclic move, so breakout out could start an impulse to the upside. Thank you for your support
After spring, USDPLN most likely continue up to 4.3 to upper line of trend channel and upthrust last high. It can be about FOMC next week.
Hi traders, On the USDPLN we see a bat pattern forming, which completes at he 61.8% Fibonacci retracement. Entry: 4.16886 Stop: 4.15297 Target: 4.19386 = R:RR 1.57 Best of luck! Will be updating this post as time progresses.
It looks like price is going to drop based on triple top / H&S formation . So I opened short with nice R:R ratio SL above previous height. TP 3,9880
FX_IDC:USDPLN important demand area hold. breakout lower could bring more downside. Buy opportunity. Long 3.78 Risk is close below demand area. If this level will not hold, next demand area is 3.42 (also potential h&s pattern target)
Maybe divergence @MACD This is new high time for correction @D1 End of N structure (Ichi Wave) @W1
Concept is based on completion of bearish bat on daily time frame. Therefore I expect a retracement at least to around 0.382 fib. level
SHORT with SL @ 4.10. Small position. I will add new after red candle @ D1.
I expect a breakout from trangle to upside as a last move up before reversal. Target on weekly timeframe ties up with target on higher, monthly timeframe.
PRICE REACHING THE RESITANCE CHANNEL AND HORIZONTAL RESISTANCE OF 3.98 WHICH HAS HELD UP BEFORE IN THE PAST COUPLED WITH STOCH WELL OVERBOUGHT 90 LEVEL AND DIVERGANCE ON THE MACD WILL LOOK TO GET AND SHORT SUBJECT TO THE CLOSE OF TODAYS BAR AND TARGET 3.82 ZONE
waiting for the D point to be completed then we are going short.
Traders, USDPLN broke the sideways resistance after a rounded bottom at the 618 level. We have some nice edges showing us the price could make a move to the upside! Lets see where the market will move. It is recommended to wait for a intraday retracement! Good luck