In this pair, we have the technical figure Channel Down. The Channel Down has broken through the resistance line on 15/06/2021. Forming a bullish formation on a daily chart. If the price holds above this level we will have possible bullish price movement with a forecast for the next 22 days with a target 4.5890. Our stop loss order should be placed at 4.4331 if we...
Hello Friends! I hope "EURPLN" will go Short 'Buy' and touch R1 then some correction. After her correction, it will touch R2 and R3.
Are you have any questions, suggestions, or feedback? Then write on comment or privet chat. If you need any help, info, or analysis. Then knock me without any hesitation.
....Thank you....
The outflows from Poland have been staggering to say the least, large sharks abandoning ship before the storm reaches shore. Notice how the NBP (National Bank of Poland) has been dovish even though inflation ticks higher ...everything is fine right...
We traded the PLN devaluation versus CZK previously, now I prefer EURPLN longs as my 'weapon' of choice....
ANALYSIS ON EURPLN
Welcome to my analysis
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30Min CHart
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Interesting Point of interest In the EURPLN pair.
- Price above 100/200 day EMA.
- sell at top 4.29000 zone.
- Expecting more downward momentum.
- Watch 4.2500-4.21600 for take profit.
- MACD showing bearish divergence
Stay Tuned
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.
I believe we got a trustworthy reverse. The resistance at 4.29275 have been tested before. It broke out yesterday of the reverse cup, and is heading north of the 10EMA. Volume haven't picked up yet, so be aware it might do a drastic spike down over the next days, before continuing up. I have a bigger SL because I plan to hold this one for some time. For good...
