USDPLN, H4 - inverted head and shoulders and triangleOn the H4 chart of USDPLN currency pair, we may spot a potential triangle and an inverted head and shoulders pattern. The triangle pattern has been broken to the upside along with the neckline in the H&S pattern.
The textbook target for this pattern seems to be located near the previous high at 4,28 PLN.
The nearest support could be located at broken resistance at 4,19 PLN.
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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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