Tickmill

Interesting position on the Polish zloty (USD/PLN)!

Long
OANDA:USDPLN   U.S. Dollar / Polish Zloty
On a monthly chart, the price pushed away from point 3 of the rising channel and on the weekly chart was closed by takeover. Also the price rebounded from the horizontal support 3.52688.

There are two options. The first is buying when the market opens. The second is buying from the middle of the takeover: Buy Limit 3.5500, SL = 3.4900, TP1 = 3.7000, TP2 = 4.1000.

Oleg Svirgun

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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