USD/PLN 1H Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
For almost 400 hours USD/PLN has been bound by the trend-lines of the ascending triangle pattern that started when the pair plunged to a two-year low of 2.9885 in late December. Six hours ago USD/PLN breached the lower boundary of the pattern but later it bounced off its 50-hour SMA and now it may even try to re-enter the triangle area.
Despite signs that the recent breakout was false, the pair still represents a lucrative opportunity for traders as it has almost approached the apex of the triangle that means the real breakout lies ahead.
© Dukascopy Bank SA
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