After our profit on this pair we look now for a new opportunity. Market hit on the daily support and already tested it few times. Yesterday market tried to break the structure without succes and price got rejected inside the bear flag . Finally seem that price lost support and we can look for a nice short order according with Plancton's strategy . ––––– Follow the...
Pattern: Channel Up. Signal: Buy as the MACD on the 1D time-frame made a bullish cross, while the price is finding Support around the 1D MA200 and the Higher Low trend-line of the Channel Up. Target: 4.2500 (inner Higher Low trend-line). Most recent CHFPLN signal: ** Please support this idea with your likes and comments, it is the best way to keep it...
The market has retraced in a inside a channel till the 0.618 fib level and created a double top. Now the price is moving down and if the price will manage to break the channel and consequently will break the 4h structure we can look for a nice short order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please...
Technical analysis of USDPLN We can see overall trend is bearish but right now the price is now close to strong Buy zone. We are looking for pull back here. Risk/Reward is good. Follow it with proper money management. If you find it useful. Give me like and Comment.
Pattern: Bullish Megaphone on 1W. Signal: Bullish as the price is consolidating on the MA200. Target: 5.2000 (just below the Resistance). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Previous GBPPLN signals:
A very surprising cut of interest rates at today's one-day MPC meeting, without a press conference, may have its impact on the future of the Polish zloty. In recent days, the EURPLN exchange rate has come close to potential support located at the previous highs in the area of 4.39-4.41. Additionally, a simple correction labeled as "abc" could appear on the...
After the zloty's sharp appreciation against the US dollar on 26 May, the market seems to be able to complete the full corrective structure labeled as abc. This is a typical simple correction, where wave c may be equal to wave a. One to one pattern is at 3.99 PLN. Also in this region the previous tops and the lower limit in the trend channel are located, which...
Further updates upon more significant development. For now instrument on a watch list.
Failure to gain on USDPLN. I will be taking bigger profits on the levels below. Remember about proper risk management, gl!
🔸 WEEKLY CHART EXPLANATION: . 🔸 Price is on an uptrend, however it has formed a double top pattern with the previous max level. . 🔸 We observe that the level could not be broken, and, if we go to a lower timeframe, we see some bearish signals. . 🔸 It has potential to reach the Ascending Trendline. . 🔸 Will look for a lower timeframe Bearish setup. 🔸DAILY...
Pattern: Channel Up on 1D. Signal: Bearish as the pattern made a Higher High and is descending towards the Higher Low trend line. The RSI is also on a Descending trend line. Target: 5.035 (around -3.90% from the High, similar to the weakest drop after an RSI Lower High).
🔸 Weekly Chart Explanation: . . 🔸 Price is on an Ascending Channel. . 🔸 It has bounced at the Resistance Zone. . 🔸 It has potential to reach the Ascending Trendline on this downside move. . 🔸 We will look for a lower timeframe bearish setup. DAILY CHART ANALYSIS:
Here we go again: PLN will go strongly down while EUR and CHF will strengthen