Short-term we are very overbought, and the steepness of the move suggests a correction is very likely. For now, we may see some attempt 4.8500 however, sell into any USD strength for now. Strategy SELL current 4.8200-4.85 and take profit @ 4.6375 for now.
During the collapse of the US stock market, the dollar will weaken a lot. This will have consequences in other Countries. Then it will be the only one to rebound the rest of the currencies will be in a rut. This is the scenario.
It looks as if we may see some downward correction coming up soon. We are high into BB and also doji cross and high stoch RSI. Strategy is SELL current @ 4.6900 and TP @ 4.4850-4.5100 for now. If going higher add @ 4.7300 area.
INSTRUMENT:- USDPLN POSITION:- Long TIMEFRAME:- 1 Hour STRATEGY:- Dow Theory + Candlestick Pattern REASON:- * Multiple bullish candlesticks (Engulfing + Hammers) * Trendline not broken Entry @ CMP Take Profit @ 4.54274 Stop loss @ 4.43808 Risk to Reward:- 1.91
The strategy is a SELL but wait patiently for the right level. The daily chart has little more chance to move higher 4.52-4.5500, but weekly chart clearly shows we are negative and over-time likely we re-visit 4.2300 again is my view.
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...
lETS MAKe some money ha finallly we have to be back to reality we hope things like this wont dpliet like luna
Hello Friends, We applied Triangle Breakout and fibo Entry@ 100 Stop-Loss@ 23.6 Take-Profit@ 161.8 . Like, comment if You see a better picture. HAPPY TRADING
The pattern looks good for a move lower with limited upside risk for now (unless something drastic will happen). The turning of buying pressure is changing and we are peaking on that front. This suggests the following strategy: SELL current 4.44-4.45 and place stop-loss above 4.60. The profit order can be somewhere 4.25 or lower. I see in fact larger adjustment...
We are showing some topping formation and also we are slightly overbought and stochastic is negative. Strategy is SELL current 4.4200-4.4300 but place a stop-loss above 4.5500.. as we cannot be sure what may happen on the crisis front.. careful on this pair... Profit order I feel 4.2500.
USDPLN Continuation Long. TPs and SL on the chart. 10-30x leverage.
The USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost strength over the past month and a half. The Swiss franc index has fallen 1.2% over this time, while the Japanese yen has...
Entry Price 4.19580 Take Profit Price 4.49145
The pair has corrected from the highs, and this provides an opportunity to go LONG instead. The current 4.20-4.2100 is good BUY level for a move back towards 4.4500 or higher. The stop-loss should be placed below the cloud 4.1300, and perhaps little lower below 4.1200 for now. Fundamentally we are close boarder with Ukraine and anything can happen. That is why...
Weekly: W formation Daily: Bearish W 4H: small h&s after a bigger h&s