FULL DEPTH ANALYSIS - -MEDIUM TO LONG TERMI expect price to bounce from weekly trendline for one more up before big fall.
MACD shows divergence however there is still enough room for one move to upside and there is high probability that DXY index will reverse in this week for last upleg before reversal.
USDPLX trade ideas
usd/zloty long based on miner's methodologyBrown elipse is the place to take long posision, after stoch oscilator on 4H turns up (oscilator on day chart just turn up)
It's a crossroad of few key fibo retracments, key support and few time zones extensions (blue lines).
I think that new trend after correction ABC i've matched goes higher that the last one - stop loss: depens on strategy. I think few pips under end of C wave is good idea.
USDPLN bullish bat pattern [JUST AN IDEA]Hi traders,
On this pair we also have a potential bat pattern. Although I don't trade this pair, I'm still posting it for those that do and to see if the bat pattern is any good on this pair. I post them as I see them.
Entry: 4.12551
Stop: 4.08670
Target: 4.19199 = R:RR 1.71
Best of luck! Updates will follow.