CHF/PLN - Bearish Rectangle - Trend ContinuationCHF/PLN has been in a downtrend and currently forming a bearish rectangle. Expecting the bearish pattern to play out and enter on break of rectangle for bearish continuation.
Key stats
Volume
—
Previous close
—
Open
—
Day's range
—
CHFPLN down trend continuesCHF vs PLN downtrend continuation. Taking precise benefit from the downtrend by evaluating candlestick behaviors.
EUR + USD + CHF bucket to PLN - over timeDifferent governments over time in 1 month timeframe.
Graph shows EURPLN + USDPLN + CHFPLN bucket.
It simply shows, how "strong" Polish currency is.
LongPair currently resting on strong support. Technicals looking for stringly bullish biased fundamentals and the long moves will activate.🌋🚀
CHFPLN Forming 3 Month Inverted #CupandHandle #ChartPatternThe handle is taking a shape of a rectangle chart pattern. Watch the break of that handle for entry direction. The larger pattern (inverted cup and handle) is bearish.
CHFPLN Buy SignalPattern: 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 i
4.30 for CHFPLN coming soon!After retesting a strong support level at 4.05 we had a nice bounce off. Have been consolidating in this ascending triangle for the last couple of weeks. Now we are completing the 5 Elliot Waves pattern. Bulls gaining momentum.
If we manage to break through the upper triangle resistance level we can
See all ideas