USDPLN Trading Plan BUY - Riks Reward 1:3
USDPLN Trading Plan SELL - Riks Reward 1:3.5
🔸 WEEKLY CHART EXPLANATION: . 🔸 Price is on an uptrend, however it has formed a double top pattern with the previous max level. . 🔸 We observe that the level could not be broken, and, if we go to a lower timeframe, we see some bearish signals. . 🔸 It has potential to reach the Ascending Trendline. . 🔸 Will look for a lower timeframe Bearish setup. 🔸DAILY...
🔸 Weekly Chart Explanation: . . 🔸 Price is on an Ascending Channel. . 🔸 It has bounced at the Resistance Zone. . 🔸 It has potential to reach the Ascending Trendline on this downside move. . 🔸 We will look for a lower timeframe bearish setup. DAILY CHART ANALYSIS:
USDPLN Trading Plan SELL - Riks Reward 1:3 Counter Trend
Parameters : Position Size : %1 Risk/Reward Ratio : 3 Stop-Loss : 3.92447 Goal : 3.99654
ENTRY: 3.89200+- TP: 3.88000 TP2: 3.86500 TP3: 3.85000 SL: 3.90500 Chart time frame - 4H Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
For demonstration and educational purposes only. Price is in an overall downtrend and is pulling back, testing 61.8% key fib level twice, which is also a key zone in the market. If price rejects look for a great reward to risk ratio and possible 1200 pip move. Watch price action for clear evidence of rejection. Keep in mind also the strength of the dollar along...
The pair will continue to move higher in the following days after it broke out from a key resistance line. Poland agreed to buy $4.6 billion worth of US made F-35 fighter jets. This was amid the increasing gap in the relationship between Poland and Russia. Recently, the two (2) countries are engaged in a word war over who started the World War II. Polish...
DAILY CHART ANALYSIS: Price is on a strong bullish trend, moving inside an ascending channel. It has been making a corrective movement, but it has recently broken the descendin trendline of the correction, so, we expect a bullish movement from here. Will look for a lower timeframe bullish setup. WEEKLY ANALYSIS:
Good day fellow traders, Please find analysis for USD / PLN currency pair. Best Regards, Trader.