We may see little lower then current 4.2600 level as we are below cloud resistance 4.2800 handle.
However, we got a low stochastic RSI and this suggest be careful as it can turn a bit.
The way the pattern shows, we may see 4.20-4.22 first before we see higher moving back towards 4.3500.
Strategy is BUY @ 4.2150-4.2250 and place stop-loss @ 4.1700 and profit...
The USDPLN had a nice run down and we are oversold right now. The DC also kind of suggesting little lower.
Based on that I suggest BUY current 3.9400-3.9550 for a move back to 4.0500 short-term. Stop-loss let's say below 3.9000 for now.
Hello Friends! I hope "USDPLN" will go Short 'UP' and touch R1 then some correction. After her correction, it will touch R2 and R3.
Are you have any questions, suggestions, or feedback? Then write on comment or privet chat. If you need any help, info, or analysis. Then knock me without any hesitation.
Priceline of US Dollar / Polish Zloty has formed a bullish shark and entered in potential reversal zone to hit the sell targets soon insha Allah.
I have defined the targets using Fibonacci sequence:
Buy between: 3.92700 to 3.90748
Sell between: 3.94348 to 3.98155
Atif Akbar (moon333)
USD/PLN 1H Chart: Channel Up
The American Dollar is trading against the Polish Zloty in two week long ascending channel that started to form after the currency exchange rate changed a direction and jumped through the 55- and 100-hour SMAs to the top.
By the moment, it consists of four confirmation points, which means that it has reached maturity and might...