USDPLN trade ideas
USDPLN!If you've been following us in regard to this pair, price has reached a very strong level.
This is a daily resistance level.
Two things can happen, a reversal to the downside or a corrective structure.
We saw a big potential on this trade, we were biased on an upmove as price had completed a corrective structure.
So, we need to go up, whether correctively or impulsively.
Trade with care use a stop loss.
REVERSAL USDPLN 700 pipsHello, the winner of the traders at the next business idea with us.
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REVERSAL USDPLN 550 pips Hello, the winner of the traders at the next business idea with us.
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REVERSAL USDPLN 480 pips Hello, the winner of the traders at the next business idea with us.
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USD/PLN to the Support Zone🔸 4H CHART EXPLANATION:
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🔸Price is on a strong downtrend.
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🔸It has broken the Weekly Ascending Trendline.
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🔸Now, it has broken the counter-trend corrective move. We consider that this pair has potential to reach the Support Zone.
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🔸 Will look for a lower timeframe bearish setup.
USDPLN first updateI purchased USD on Thursday right after the market closed
Here is what i think
Weekly showed a very strong support using FIB
Daily closed showing a rejection since the there is a very strong resistance
4H confirms a rejection using trend-line
so i would suggest to wait for a break out on a daily chart ;) then from there we look for long positions. i will update once the confirmation has been made
wish you all a great weekend
Planning to update you whenever i plan to make trades...Swing traders KEEP UP! :)