Short Trade and Full Analysis on USD/PLN by ThinkingAntsOk
4H CHART EXPLANATION:
In the 4h chart, we observe that price bounced at the Resistance Zone, breaking down the Ascending Trendline. At this moment it is on a corrective structure pullbacking the broken trendline. We expect a breakout from here, and the bearish movement has potential to reach the next Support Zone.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
In the 4h chart, we observe that price bounced at the Resistance Zone, breaking down the Ascending Trendline. At this moment it is on a corrective structure pullbacking the broken trendline. We expect a breakout from here, and the bearish movement has potential to reach the next Support Zone.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly: