- CHF/PLN - Short / Sell limit - Fib - Risk/reward 1% Always enter into market smartly.
Different governments over time in 1 month timeframe. Graph shows EURPLN + USDPLN + CHFPLN bucket. It simply shows, how "strong" Polish currency is.
Pattern: Channel Up. Signal: Buy as the MACD on the 1D time-frame made a bullish cross, while the price is finding Support around the 1D MA200 and the Higher Low trend-line of the Channel Up. Target: 4.2500 (inner Higher Low trend-line). Most recent CHFPLN signal: ** Please support this idea with your likes and comments, it is the best way to keep it...
This held above the midpoint last week. I'm thinking it pushes back up to test the top of the channel. The 1H has been needed 3 of the last 4 times for a confirmed sell. So, keep an eye on the 1H when we get close to the top of the channel.
Based on previous price action, I think this could possibly test the last high point (light blue box) and bounce to reach the major resistance line where we have numerous reactions; did not reach it this past Friday. If this doesn't play out, we'll have to wait until it potentially reaches primary support to watch for the next move.
We have what looks to be two options. Triangle or horizontal channel (marked with stars as reaction points). If price breaks back into triangle, it could head to top of channel. If price falls back after touch bottom of triangle (currently retesting) we could be going down far.
Pattern: Potential Head and Shoulders on 1W. Signal: (A) Bearish if the 3.85700 1D Support breaks, (B) bullish if it holds. Target: (A) 3.75000, (B) 4.03000.
The pair has been trading sideways within the 3.94000 1D Support and the 4.05500 1D Resistance since early August, forming a Rectangle pattern on 1D (RSI = 42.228, MACD = -0.007, Highs/Lows = -0.0314, ADX = 25.098). At the moment it is near the 1D Support, hence on optimal buy levels, even though the RSI shows there is still a minor potential for a lower pull (if...
Pattern: 1D Rectangle. Signal: Sell as the price is near th 4.0500 1D Resistance. Target: 3.9910 (the 4H Support).
CHFPLN expected to rise up to 1st resistance at 4.0451 where it could potentially react off and drop down to 1st support at 4.0247. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFPLN bounced off 191.11 where it could potentially rise further to 371.18. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Pattern: 1M Ascending Triangle. Signal: Bullish (1D Support). Target: 3.8200 (1D Resistance and 0.5 - 0.382 Fib level).
Pattern: Rectangle on 1W. Signal: Bearish if it tests the Resistance again. Target: 3.705.
The last long TP = 3.81038 was hit and shortly after CHFPLN has started a sharp decline on 1D, which has evolved into a Descending Triangle (RSI = 44.646, STOCH = 47.472). The Highs/Lows = 0.0000, MACD = -0.008, B/BP = -0.0069 indicate that the 3.67500 support will be tested again before a new Lower Low near 3.7000 and a final test of the support before the...