The EUR/PLN exchange rare is trading in two opposing channels. The senior pattern is a six-week channel down, while the pair’s movement during the past week-and-a-half has been guided by an ascending channel. The rate is currently regaining some lost positions and moving closer to the upper boundary of the senior pattern. On October 3, the Euro beached a...
Short the break lower - possibility of reentering second position if we re-test
Validated confluences 1.Weekly/Daily Resistance strong/valid 2.Profit margin 1:3 3.No major resistance until 4.3400 4.Trend line broken on daily
EUR/PLN had been trading in an ascending channel since late August prior to breaching this pattern to the downside on Tuesday. The pair’s movement during the past two weeks resembles a channel down; however, another bottom confirmation is still needed. Meanwhile, the common European currency has been testing the lower channel line for several hours, thus not...
EUR/PLN 1H Chart: Symmetrical Triangle The common European currency is trading against the Polish Zloty in a short-term symmetrical triangle. The pattern started to form right after the 1.5% appreciation of the Euro, which was triggered by announcement of the ECB Minimum Bid Rate two weeks ago. For the moment, the pattern already has four confirmation...
The money are stable by the Euro and at this moment no much movement. But the RSI give a good opportunity to be at 4.29 in few days.
Hello traders, You like hot moments ? ... cold sweat ? ... EURPLN is for you I have taken an up trade… TP is in green Be careful because, high volatility for this pair + place your stop loss, very important ! Bye Jeanne
In the 4hr TF: 1) Bullish kumo breakout 2) Weak TK cross 3) Future kumo has a flat resistance In the daily TF: 1) The current candle has not closed but it is above the kumo 2) Bullish future kumo with a flat support 3) %K crosses %D from below 4) Current Stochastic value = 63 The market seems to be ranging at the moment and heading towards resistance, pending...
Zloty may weaken because political instabilities in Poland. Maybe we will observe a correction after a 7 month-strength of zloty.
HAD TAKEN THIS TRADE BASED ON DIVERGENCE AND FIB AND WHEN LAST WEEK HIGH IS BROKEN I WILL BUY AGAIN
Daily: - Ichimoku is beaish, with Kijun support at 4,2817 and trendline + Kumo at 4,30 - Heikin-Ashi shows some indecision, and consolidation: doji candle yesterday. haDelta+ and haOscillator crossed down, but both are above their center lines. - EWO is bearish, MACD is close to its signal line -> more consolidation is possible if crosses above 4H shows...
This is one of those higher spread pairs, but with a tight SL and a quick to action response, I trust this one to be a fine trade. I have a small position currently on the short side and hopefully can cash in tomorrow or the day after. Buying power seems weak, looking over the indicators, on the Stochastic - which I do not have on this chart - also indicates...
Leverage EUR/PLN yields in upswings via one-touch calls and hedge via mid-month futures on lingering bulls at neckline of triple top: On weekly plotting, the pair forms the triple top pattern which is bearish in nature. With top 1 at 4.5123, top 2 at 4.5391 and top 3 at 4.5064 levels and neckline at 4.2680 levels. Last week it has tested supports at neckline,...