It has to be said, that 2017 was a very good year for the Polish Zloty. One reason is the strong global risk sentiment but strong Polish economic numbers and the change in government has also played a role. Regardless of how you feel about the Emerging-market currencies and CHF/PLN in particular, one could argue that they are getting close to a bounce. It may not...
17.2 daily supply area Entry 16.30 daily demand area TP SL above supply area. Risk is closed above 18.25
risk is close below 0.964 0.996 tp 1 1.016 tp 2 1.053 tp 3
12M demand area - 4.6 12M supply area - 5.52 target
Bearish candle close on the weekly. 18.42 daily supply area. 18.28 nested daily supply area. Risk is close above 18.42 Target 17.37 then 16.60
Entry level - 141 (daily nested supply area) Risk is close above 142. SL 100pips TP1 137.00 (400pips) TP2 135.00 (600pips) TP3 130.50 (1050pips)
Waiting for breakout. Target 3.8