PLNUSD trade ideas
USDPLN formed a bullish shark | A good long opportunityPriceline of US Dollar / Polish Zloty has formed a bullish shark and entered in potential reversal zone to hit the sell targets soon insha Allah.
I have defined the targets using Fibonacci sequence:
Buy between: 3.92700 to 3.90748
Sell between: 3.94348 to 3.98155
Regards,
Atif Akbar (moon333)
USD/PLN Two Possible Scenarios by ThinkingAntsOkDaily Chart Explanation:
On the daily chart, price broke the Channel that has been forming since October '18. After that, consolidated on a triangle pattern and now it is facing the Resistance Zone. In the Short term, we expect a bounce at this level.
Weekly Chart:
USDPLN Short ScenarioGood afternoon traders!
So far I have found only a short scenario on this pair, perhaps a long scenario may emerge once price breaks out to the upside of the rectangular range; until then, however, I remain relatively quite bearish.
It will be interesting to hear your views. Cheers.
All the best!
USDPLN short stop @ 3.9538 1/2 position.Going short this is a reversal as price is above both moving averages. I had this long last week.
Ready to bounce on USDPLNAscending channel is still valid on parity. After the small correction done we can see another impulsive movement to the upside. 3.95 and 4.00 resistances will be important in the case of sharp upward movement. 3.92 - 3.90 area will try to block downward price action.
USDPLN 1H Trading plansUPLN is bullish so if it retests my zone or the trendline I'll take the buy. If It breaks below my trendline and retests I'll take the sell.
USDPLN BEARISH SHARK PATTERNFOREXCOM:USDPLN Formed a bearish shark pattern. RSI is overbought. The price can reach as first target 38.2% of fibonacci and as second target 68.2%
USDPLN ....................LETS GO HUNTING GUYS!!!!!!!!!!!!lets us reap the markets,skin the beast alive!!!!!!
Short Analysis Explained on USD/PLN by ThinkingAntsOk4H CHART EXPLANATION:
Price is trying to get inside the broken Daily Ascending Wedge, but now is facing the Daily Resistance Zone. We consider it may bounce here and get outside the wedge again. If that happen, then price has a strong bearish potential towards the multiple support zones. It would be necessary for the Ascending Trendline to be broken to confirm the downwards move.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
NEW AND UPDATED ...LETS REAP THE MARKETSIT TOOK ME SOME TIME TO COME UP WITH THIS ELLIOT WAVE COUNT COMPLETE CYCLE.IF YOU HAVE ANY QUESTIONS PLEASE FEEL FREE TO ASK,COMMENT AND SHARE !!!!!
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