On the USDPLN we see a bat pattern forming, which completes at he 61.8% Fibonacci retracement.
Target: 4.19386 = R:RR 1.57
Best of luck! Will be updating this post as time progresses.
H4 - bullish market + potential modified bullish bat battern + pattern completion at previous structure + 1.618 inversion
Stops - good (structure + 1.13)
Profit - medium (structure)
Conservative profits, secondary targets can be placed at 1.272 extension + previous structure from X to A leg
Very, very nice setup here. Please see my link below regarding the shorting opportunity of FX_IDC:EURAUD. I did shorting analyses on bigger timeframe. However lower timeframe says the same thing. Recently we are on Bears side!
So we have Almost completed Bat battern @1.5046 with nice Targets.
Target 1 with 1/2.2 ...
Actually we have :-
1-Bullish Bat Battern
2-Structure Support Area
-We noticed That We have a nice Support Level At (1.2280) .....and i think it will hold a littel but not too much (Maybe Retest the the Broken Support at (B) piont of Bat Pattern)
-Now if the price break support level at 1.2280 ...