USDPLN Long Long Long

2020-02-07 14:33:00

I like to trade every opportunity out there and that is why Exotic pairs are part of my repertoire. Today, USDPLN gives us a very good long signal. Let's have a look at it.

1) Price broke above MA 20, 50 and 200 as well as above the Kijun Sen a few days ago. As long as we are above those bias remains bullish.
2) The pair has pulled back right to the 200 MA where yesterday formed a very bullish candle.
3) Institutional traders are starting to eye this pair and entering positions. We always follow smart money and we see in our indicator that red ( institutional traders ) are starting to show up.
4) QQE has been bullish for a while and remains this way. QQE show us the trend of a pair and it is very reliable.
5) Didi index remains bullish

So we have a lot of reasons to stay bullish on D chart. Lets look now at 4H :
https://www.tradingview.com/x/IL648eTr/

Again a lot of reasons to enter this trade on 4H :

1) Trendline breakout after pullback
2) Pullback right to the 0.382 Fibonacci level
3) The breakout pushed the price above SSL and Kijun baselines
4) ASH remains bullish

It looks like a very good opportunity with a great R:R and Im already in it.

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