We recommend open long positions for USD/PLN. Key point after breakout: 4.05, 4.08, 4.12
I expect price to bounce from weekly trendline for one more up before big fall. MACD shows divergence however there is still enough room for one move to upside and there is high probability that DXY index will reverse in this week for last upleg before reversal.
Brown elipse is the place to take long posision, after stoch oscilator on 4H turns up (oscilator on day chart just turn up) It's a crossroad of few key fibo retracments, key support and few time zones extensions (blue lines). I think that new trend after correction ABC i've matched goes higher that the last one - stop loss: depens on strategy. I think few pips...
As tittle said, we are waiting for touch of TOPS line(green), after that preparing for read a BEARISH candle. Setup alarm like me . Thank you.
We have a close below the Fib 23.6% Looking for shorts till Fib 50% - 4.04 Weak Dollar Happening Good Luck
In overall, i expect USD/PLN will move in range of uptrend channel until, it will reach down trend line. If it breaks out red resistance level and green down trend line, make a flag down, it will keep on going up.
Target at the touch of the rising Trendline...same trade on OANDA:USDJPY Good Luck
Seems like we reached the bottom. Now impulse up to the green trend line.
Things to note RSI broke the resistance line. Resistance line could be broken, if so trend changes to bullish.
N - 33 candles Angle ~ 45deg for I waves What next ?
Above 4.09 Long leg doji for Friday Kumo is green (UP) KS is flat
SHORT from KS. The USD is too expensive.
Hi traders, On this pair we also have a potential bat pattern. Although I don't trade this pair, I'm still posting it for those that do and to see if the bat pattern is any good on this pair. I post them as I see them. Entry: 4.12551 Stop: 4.08670 Target: 4.19199 = R:RR 1.71 Best of luck! Updates will follow.