In our previous analysis of the EUR/PLN exchange rate, we’ve been talking about a potential XABCD harmonic pattern which could also be labeled as simple correction ABC. The market has moved above potential resistance at 4,50 PLN which opened the way to another potential resistance at 4,55 PLN. However, if this level is broken the market may move even to the...
The EUR/PLN exchange rate has been forming a potential bullish harmonic pattern labeled as XABCD. What is more, it could also be labeled as ABC simple corrective pattern so the market may be prepared for a potential new impulse wave. The euro could strengthen to Polish zloty after a 4,50 level breakout and then the way to the next 4,55 resistance level. It seems...
No change in the bearish FX_IDC:EURPLN tone, as falling intraday studies keep near-term sentiment negative and extend pressure on support at the 4.4950 Fibonacci retracement and congestion around 4.5000. Daily stochastics and the Tension Indicator continue to fall, and broader weekly charts are also deteriorating, pointing to potential for still further slippage...
On the weekly timefame market is in a uptrend and last weeks cande closed with a stong bullish candle were the next one should fill in the wick, on the daily market is also in a nice uptrend and recently broke above resistance with a bullish impulse followed by a nice correction to the 0.382 fibonacci, now we are expecting to see a second impulse and market to...
On higher TF market is bullish, on the daily market has broke above daily structure with a bullish impulse, followed by a correction to the 0.382 fibonacci which is also aliging with structure, now i am expecting the continuation to the upside and market to form a higher high from a daily perspective, on the 4hr market is still bearish during the correction, i am...
1:26 R:R need I say more. TP levels are shown
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for EURPLN, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
EURPLN Will be a great buying opportunity very soon
Have had positions open for a while. Adding to short from current zone ! If your with me smash the like button :) Thanks for viewing ! This is not financial advice , please consider your own Due Diligence and Risk Management.
potential move to the downside ....consilidation at daily resistance ,,SNIPER ENTRY
Covid cases rising. Banks are saying PLN will get weaker. In my view this currency will start to strengthen starting next week. Short Initiated at top of last weeks trading.