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...
This analysis is based on the channel created by the price in a long term. We also had a lot of resistance at the shaded level hence expected price rise and my long position was opened. We have reached the peak of the fib level in March this year but I wouldn't be surprised if the price goes back to this level and creates double top or goes even further...
PL: Jak widzimy cena doszła do wsparcia (kolor zielony - Linia). Prawdopodobieństwo, że cena pójdzie w górę oceniam na 80%.
ENG: As you will see the price went to support line. Propably will go up and is more chance to breakout purple square.
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...
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...
EURPLN has reached weekly resistance, on the daily market has printed a nice W formation after which we expect to complete at the neckline giving us our downside target.... on the 1hr timeframe market is still bullish we will be waiting for a new lower low to form then entering the short on retest of broken support turned resistance.
EURPLN has reached strong daily resistance, also on the daily we can see market has formed a nice W formation after this pattern we expect to see the market complete at the neckline of the W giving us a short term downside target. On lower timeframes we are waiting to see new bearish structure a new lower low to form then we can look to enter on the retest.