AUD/PLN Trade Setup: Bullish Reversal & Target ProjectionAUD/PLN Technical Analysis & Trade Setup
Chart Overview:
Currency Pair: Australian Dollar (AUD) / Polish Zloty (PLN)
Timeframe: 30-minute chart
Indicators:
200 EMA (Blue): 2.44075
30 EMA (Red): 2.44113
Key Levels & Strategy:
Support & Resistance:
Major Support Zone: Around 2.42932 (Stop Loss Area)
Intermediate Resistance: Near 2.44228
Target Resistance (Take Profit): 2.45997
Trade Projection:
The price recently bounced off the support zone (purple).
A possible retracement and retest of resistance before a strong upward move.
Targeting 0.97% profit potential from 2.44228 to 2.45997.
Entry Strategy:
Confirmation of support hold at 2.44075 - 2.44228.
If price respects this zone, a bullish continuation is expected.
If support fails, price may revisit the stop-loss area (2.42932).
Conclusion:
If price sustains above 2.44113, a bullish move is expected.
Watch for a breakout above resistance for a confirmed long entry.
A drop below 2.42932 would invalidate the setup.
