I believe we got a trustworthy reverse. The resistance at 4.29275 have been tested before. It broke out yesterday of the reverse cup, and is heading north of the 10EMA. Volume haven't picked up yet, so be aware it might do a drastic spike down over the next days, before continuing up. I have a bigger SL because I plan to hold this one for some time. For good...
Hey guys. Heading into new trading week we have a nice opportunity to go long on EURPLN. The red trendline has been supportive for all recent reversals to the upside since beginning of the 2016. The same thing can be said about 100 bar Weekly Moving Average. Today we can see a hollow candle being formed on daily char. My idea would be entering now with SL at 4.25...
Wait for completed E wave and then expected impulse up.
Published materials are my personal thoughts, basing your speculative decisions at your own risk.
A bearish head and shoulders pattern has been broken to the downside with a target of 4.3413. Regardless of the pattern formation we are bearish with multiple targets that are lower anyways. So we like this trade a lot. A break of the 4.4015 level should get price action moving to the downside. We just posted additional details for premium members.
EURPLN has now broken it's downwards trendline and price has started to reverse, bouncing off the Fib 61.8 level. This looks like a good opportunity to go long with a great R/R... IF price can retest the previous high.
- Stoch is crossing out of oversold condition
Depending on how the EUR will perform when the number come out through out the week. I believe EURPLN will continue down. But I will keep an eye on the 200MA, it need to break the line confidently before it's a save bet.
Hi guys,
I am expecting the EURPLN to make a move to the upside. The EURPLN supported on major moving average support, broke corrective structure, and hit a key retracement level. So looking for a buy set up is likely a good idea.
I hope you have your own tested trading strategy so you're able to profit from this move.
Thank you for your support.
Hi guys,
I did already post this idea before, but now I have a slightly different perspective. I think price will move strongly to the highs, as there is more bullish conviction at this level than I previously realised.
With the compelling bull candles at the key retracement level, the hidden bull divergence and a clear break of a wedge this is a great...
We have a very nice trendline that price bounced off on multle occasion. A great oportunity to go long. Whatch the Moving Averages as always, stop loss at around 4.41 - 4.415 for high risk reward ratio. Good luck.
The Polish currency is not doing well recently. The new political party is introducing anti-business laws. I expect the currency may be weaker especially at the end of the year. Before a new heights will be introduced, first an attack at this height will be in play.
This is only my opinion, please share your views and act to your own strategy.
Hi guys,
I am expecting the EURPLN to make one more move up, but the question is, is the correction over? I guess soon we will know. Maybe one more move up before the next down impulse, but can go either way.
Thank you for your support.
Bearish butterfly has been completed on daily time frame
We have a sharp post election moves with current signs of exhaustion on lower time frames and therefore I expect a retracement to about 0.5 fib. level.
