krugman25

USDPLN - (Bullish) Inside Bar / Pin Bar Fake-Out within Triangle

Long
OANDA:USDPLN   U.S. Dollar / Polish Zloty
In USDPLN we have a nice bullish setup on the weekly charts with a bullish inside bar / pin bar fake-out that has formed off of the bottom of a rising triangle. There have been numerous attempts to break out of this rising triangle, with a number of the attempts producing bearish pin bars which saw price drop immediately lower. Even so, price has continued to produce higher lows. This latest pin bar that has formed may be the setup that finally gets this pair to break out of its rising triangle.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.