Patience... allow for the 4H candle to close ABOVE the red resistance, than purchase confirmation which closes also above.
Things to be aware off - failed confirmation might possibly lead to Wyckoff Accumulation Schematics.
Further idea development will be described as scenario unfolds...
It looks like PLN will get stronger despite the inflation.
Isn't it perfect to get everyones attention to growing money supply (inflation) and at the same time make the currency stronger?
How is that possible? I am not a fundamental analyst so i can't tell you how the mafia operates but one thing for sure is the less people know, the more money for those that call...
Long term chart of USDPLN
Charts like to tell the future. That is why i treat them like a magic device.
Despite huge PLN inflation at more than 4% it looks like it will grow stonger against two giants like USD and EUR. Both charts look very similar.
Saving this chart for future reference.
EURPLN is moving inside an ascending channel and the price is now near to monthly structure .
Currently the market is consolidating below a minor resistance.
According to Plancton's strategy if the price will break above we can set a nice long order.
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly...
In our previous analysis of the EUR/PLN exchange rate, we’ve been talking about a potential XABCD harmonic pattern which could also be labeled as simple correction ABC. The market has moved above potential resistance at 4,50 PLN which opened the way to another potential resistance at 4,55 PLN.
However, if this level is broken the market may move even to the...
Not only crypto, wolves🔥
Now we have such a clear symmetrical triangle on NZDPLN currency pair.
There was a strong bullish sentiment before.
According to the Elliott Waves theory all the waves are done and the price broke resistance zone .
So now the price may increase rapidly or enter into the correction to the retest new support zone .
Follow the chart and look...
The EUR/PLN exchange rate has been forming a potential bullish harmonic pattern labeled as XABCD. What is more, it could also be labeled as ABC simple corrective pattern so the market may be prepared for a potential new impulse wave.
The euro could strengthen to Polish zloty after a 4,50 level breakout and then the way to the next 4,55 resistance level. It seems...
No change in the bearish FX_IDC:EURPLN tone, as falling intraday studies keep near-term sentiment negative and extend pressure on support at the 4.4950 Fibonacci retracement and congestion around 4.5000.
Daily stochastics and the Tension Indicator continue to fall, and broader weekly charts are also deteriorating, pointing to potential for still further slippage...
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RUSSIAN RUBLE / POLISH ZLOTY
Buy in the area of 0.0498 - 0.0486
Goal 1 - 0.0508
Goal 2 - 0.0520
Goal 3 - 0.0538
Stop, fixing below 0.0484
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