EUR/PLN 1H Chart: Euro regains lost positionsThe 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 long-term ascending channel valid since late April (dashed line on the chart). The pair has not yet made a rebound from this line—an area that intersects with the aforementioned senior channel in the 4.26/27 area. Thus, the base scenario in the short term favours the rate bouncing off the combined support of the 55-, 100– and 200-hour SMAs and the weekly PP circa 4.2450 and trading sideways. by UnknownUnicorn8906903
EURPLN SHORT the Break Short the break lower - possibility of reentering second position if we re-test Shortby HutsonBay4
"Trade what you see not what you think" Bullish SentimentValidated 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 Longby AshirDanville3
EUR/PLN poised for gainsEUR/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 being able to move below the 61.8% Fibonacci retracement. Technical indicators suggest that the rate should recover in the short term. A possible upside target could be the upper channel boundary circa 4.2940—a level which is reinforced by the 55– and 100-hour SMAs, the monthly PP and the weekly S1. In case of a downside momentum, the pair should be limited by the monthly S1 at 4.2516. Longby UnknownUnicorn8906902
EUR/PLN 1H Chart: Symmetrical TriangleEUR/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 points, which means that it has reached maturity and might be broken in the nearest future. Most likely, the currency pair will leave the formation in the upward direction. Firstly , because the southern side is reliably protected by the 200-hour SMA, the monthly PP at 4.2457 as well as the weekly S1 at 4.2414. Secondly , because the triangle represents a body of the larger pennant pattern whose flagpole appeared because of the above fundamental event. In this sense, the rate is expected to surge approximately by 1.29% . by UnknownUnicorn890690Updated 4
Hesitation on the currencyThe 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. Shortby tmcuh19822
EURPLN... OR COLD SWEAT...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 Longby jeanne_labelleUpdated 2
EUR/PLN Ranging market/pending breakout???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 breakout. TP = 4.6520 SL = 4.2100 Risk to reward ratio is good. The crux is to catch the trend early with minimum pips risked. Longby Ichimoku_Hokage_NinjaUpdated 5
Zloty may weaken Zloty may weaken because political instabilities in Poland. Maybe we will observe a correction after a 7 month-strength of zloty. by eagle.oneUpdated 4
EURPLNHAD TAKEN THIS TRADE BASED ON DIVERGENCE AND FIB AND WHEN LAST WEEK HIGH IS BROKEN I WILL BUY AGAINLongby delroyhill3
Reaction to 4,29?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 indecision too: - Ichimoku is neutral as everything's located in the Kumo. - Heikin-Ashi candle has some bullish bias, but has to be confirmed by haDelta and haOscillator. Price is above Kijun Sen now - EWO minor zig-zag around zero If Heikin-Ashi bullish signal will be confirmed above Kijun Sen, and also EWO turns bullish, then take 0,5 unit (maximum 1 unit, no more leverage!) swing long position to 4,29 target / Stop loss at 4,2280. Risk/Reward = 2:1.Longby Kumowizard336
EURPLN While We Wait For Important NumbersThis 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 exhaustion on the buying side. Trade this one with caution, on the monthly and weekly chart it's near previous tested resistance.Shortby chastic5
EUR/PLN Chartpack - Technicals and Trade SetupLeverage 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, as a result, to begin this week we see attempts of bounce back but restrained resistance at 7WMA at 4.3135 levels. Although bulls are activated at the neckline of triple top formation in the historical levels, last three months the major trend seems to be weaker as the both leading as well as lagging indicators have been indecisive, any break above 7WMA likely to drag rallies. Upswings may drag but capped at resistances of 4.3185 and 4.3688 levels, failure swings may bring in bearish momentum. But for now, to favor the bulls swings that prevalent at this juncture (see daily chart) that are backed up by momentum indicators, we advocate one touch binary calls for target up to 4.3280 levels (upper BB) to leverage profits from a rise in the price of the underlying spot FX. Alternatively, on both hedging as well as speculative grounds we encourage adding longs in futures contracts of mid-month expiries to arrest potential upside risks ahead of European elections. But maintain a strict stop loss 4.2680 levels.Longby FxWirePro227
EURPLN Reverse confirmationI 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 practice, try and see weekly, 4h and 1h charts. The resist confirmation is really strong on this one. Longby chastic4
EUR/PLN LONGSeems like we reached the bottom. Now impulse up to the red down trend line. Then testing this down trend line. Longby tomczyz4
EURPLN LONGHey 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 and a minimum TP at 4.35 with a potential to go higher. Good luck everyone!Longby AerdynamikUpdated 224
Bearisch Gartley @ EURPLNNormally not on my radar, but a nice shorting opportunityShortby HyperJesusUpdated 6
Short EURPLNOne of the trades that we put on with premium members is this short EURPLN trade from current levels to target the 4.2820 level. Shortby thecharttradersUpdated 1