RSI Divergence on EURPLN. Combining Friday & Mondays price action gives us a solid bullish hammer as an entry. Stop placed below recent low and limit placed at 50% retracement of recent move for 1:4.3 R:R. One slight drawback on this setup that isn't sitting right with me is the fact that the lower bollinger band has not been tested although the RSI dipping to 25...
The pair has discontinued its uptrend (RSI = 61.957, MACD = 0.014, Highs/Lows = 0.0151) this week having been rejected near the 4.4000 1D Resistance. This creates ideal conditions for a reversal towards the 4.31460 1D Support, essentially aiming to trade within a Rectangle pattern. We are short on this formation with 4.33200 - 4.31460 as the Target Zone. **...
Trading these odd pairings can be tough but with the ECB set to destroy the value of the Euro further in about a week and the algo triggering a short signal, might be worth a small play. Volume is starting to pick up, and momentum to the downside has plenty of room to run even if it's flattening out a bit today.
The pair should go up to the 0.618 fib level, then I will go short down.
The Euro has been appreciating gradually against the Polish Zloty since the middle of August. This movement has been bounded in an ascending channel. As apparent on the chart, the currency pair is trying to surpass the resistance cluster formed by a combination of the 55-, 100-, 200-hour SMAs, the Fibonacci 38.20% retracement, the weekly PP and the monthly S1...
EURPLN is still within a 1W Rectangle (RSI = 49.997, ADX = 15.208, CCI = -49.2070, Highs/Lows = 0.0000) trading sideways within the 4.2660 Support and 4.34100 Resistance. We continue buying near the Support and selling near the Resistance.
Can't believe that you bunch of retards are betting money when you see butterflies on a screen. But hey, who cares as long as it works. This is it, now you should be selling EUR/PLN. You're welcome.
The EUR/PLN currency pair has been trading in symmetrical triangle since the beginning of July. Also, the pair reversed from the upper pattern line located near 4.3282. Given that currently the rate is pressured by the 55-, 100– and 200-hour SMAs, it is expected that the pair goes downside. A potential target is the lower triangle line located circa 4.2800....
EURPLN has turned from a Head and Shoulders on 1W (neutral STOCH, ADX, CCI, Highs/Lows) to a Rectangle on 1D (ATR = 0.0187). Take sideways scalps within the 4.3400 Resistance and the 4.2655 Support.
At the H4 chart of EURPLN, the price has started a new bullish trend: above the Alligator indicator and AO above the zero line. In addition, it seems that the instrument is in a bullish Elliott cycle, more precisely, at the beginning of wave 3.
EUR/PLN has broken over the 200 ema on the 1 hour chart. If it finds supoprt on top of it and it doesn't break it back down, we can expect it to push higher up. The spread is about 15 pips for this pair, so make sure you calculate your lot size with your spread put into consideration.
The EUR/PLN exchange rate is trading in two prominent channels. The most senior pattern is an ascending channel which was formed in December 2017, while the more junior one has been guiding the Euro since the beginning of June. The pair reversed from the senior channel on August 17. It did, however, fail to accelerate, being restricted by the junior channel and...
EURPLN has eventually rebounded on the same distance bar from High to Low and is in the process of forming the Right Shoulder of the 1W Head and Shoulders pattern (RSI = 57.116, CCI = 10.8781, Highs/Lows = 0.0000). 4.3273 is a valid point to enter an additional short as the top is projected to be near 4.3400. A conservative TP is 4.25796 with the extension on the...
Poland Zloty economy huge gains will be back soon.