Short Analysis Explained on USD/PLN by ThinkingAntsOk
4H CHART EXPLANATION:
Price is trying to get inside the broken Daily Ascending Wedge, but now is facing the Daily Resistance Zone. We consider it may bounce here and get outside the wedge again. If that happen, then price has a strong bearish potential towards the multiple support zones. It would be necessary for the Ascending Trendline to be broken to confirm the downwards move.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
Price is trying to get inside the broken Daily Ascending Wedge, but now is facing the Daily Resistance Zone. We consider it may bounce here and get outside the wedge again. If that happen, then price has a strong bearish potential towards the multiple support zones. It would be necessary for the Ascending Trendline to be broken to confirm the downwards move.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly: