USD/PLN inverted H&S pattern

While most of the traders are concentrating on majors and some highly “famous” crosses as EUR/JPY or GBP/AUD, the Forex market is offering us a BUY signal on an Exotic Forex pair, which most of the traders are afraid to trade due “higher” spreads.

What most forex traders do not realize is that “higher” spread on exotic crosses like USD/PLN is well correlated with major moves of the pairs. While EUR/USD is moving a few pips every day, exotics, as USD/PLN can move even a few thousands pips in the same time frame.

The daily chart of USD/PLN is “saying” to buy this pair at current levels due to the inverted H&S pattern and to target 3.8050 for the next 2 weeks and 4.0000 for the next 2 months.

Stop Loss should be placed under right shoulder.

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