Trade ideas
USD / Polish Zloty. Published on 12/26/2018This chart was originally published on Tradingview on 12/26/2018
USDPLN is offering some GREAT ODDS off the daily chartSmaller timeframe charts and more information available to followers and received upon request through PM
USDPLN Bulls faces a big levelThe bullish price action needs alot of "mojo" to break above the red critical level. Once broken, I hope price will continue to go upwards from the momentum and test the next important level. I can see alot of Bear Stop Loss orders in the vicinity of the red critical level, if I can see it, big money can too.
whichever side you are at, make sure to always have a proper risk management in place so that your account is always protected.
Buy USD/PLNThis is just a journal for me. I strongly warn you to not take this in your real account. Good luck!
USD/PLN 1H Chart: Bearish momentumThe US Dollar has been depreciating against the Polish Zloty since the currency pair reversed from the upper boundary of a long-term ascending channel at 3.8400. This movement has been bounded in a short-term descending channel.
From a theoretical point of view, the general direction is expected to be south—the exchange rate should target the lower boundary of senior channel located at 3.6600.
However, technical indicators suggest that a decline might not be immediate, and the currency pair could breach the junior channel north. Also, the rate could re-test the resistance level formed by the weekly PP at 3.7995.
USDPLN: 1D Channel Up. Long.The pair is rising after it recently priced a Higher Low within the 1D Channel Up (RSI = 55.425, MACD = 0.012, Highs/Lows = 0.0000). We are now expecting the next Higher High near 3.9000. The trade is long, TP = 3.8900.
USD PLN (DOLLAR – POLISH ZLOTY)Hi there. Wait for the price to form a continuation pattern and watch strong price action for sell.
USD/PLN 1H Chart: Short-term channel in sightThe US Dollar has been depreciating slightly against the Polish Zloty since the beginning of October. This movement has been bounded in a descending channel.
Given that the rate is supported by the 100– and 200-hour SMAs, currently located near 3.740, it is likely that the pair goes upside within following days. If given channel does not hold, a breakout north occurs soon. A potential upside target is the upper boundary of a medium-term channel located circa 3.8400.
Otherwise, it is expected that the pair makes a reverse and aim for the lower channel line located circa 3.6800.
USDPLNI believe theres a potential short position till 3.54 area as our wave c of (B) is incomplete.
Short selling opportunity in Usd/ PLN 8 Oct 2018Short selling opportunity in Usd/ PLN
Sell at 3.74379 --Sl 3.76595 and tp 3.70161
USD/PLN 4H Chart: Stranded between SMAsThe US Dollar has been depreciating against the Polish Zloty since the middle of August after the currency pair pullback from the upper boundary of a descending channel at 3.8410.
The exchange rate was stranded between SMAs during the morning hours of Monday’s session. The 200-hour simple moving average was providing resistance at 3.6996, while the 100-hour moving average was providing support at 3.6828.
A breakout through the upper boundary of a descending channel is likely to occur within this session. If this breakout occurs, the next target for the currency exchange rate will be at 3.7158 during the following trading sessions.
Selling USDPLNOn the hourly chart of USDPLN, it seems that the price is starting a new Elliott cycle down. Also, a bearish fractal was formed, which could be an optimal level to enter the short position.
Low paced Channel Up. Long.USDPLN is on a 1D Channel Up with the currently neutral RSI = 49.701, CCI = 48.079 indicating that a Higher Low is appraoching (3.68 - 3.69). The low gradient allows for a long to be taken on current levels with TP = 3.80148. Projected Higher High = 3.8600.
