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...
Type 1 is over,price returns to retest HOP level for type 2 entry
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...
This is my bearish trend idea, now during bearish flag you can see it .Wait for clear breakout to downtrend after you can entry, because the overall bearish trend . Only in my opinion.
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...
Type 1 is over,price returns to retest HOP level for type 2 entry
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...