On the daily timeframe market has broke below support and the the trendline with a strong bearish impulse, followed by a nice slow correction to test previous support as new resistance, now we are expecting the continuation to the downside and market to form a new lower low on the daily timeframe, we will be waiting on 4hr TF for market structure during the...
This is my idea on the future of the so-called Safe Haven currencies. Remember, people in the need of defense against coming inflation turn into currencies or gold as they do not have much knowledge or energy for other assets. This is why good analysis is needed to see in what currency to invest.
In the post-crisis period (4 years), both sides, the euro,...
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Analysis of #USDPLN
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Strategy: Price Action on Daily Timeframe+Bearish BAT - We will be...
USDPLN market has reached weekly resistance, on the daily market has formed a nice W formation after a W we expect market to go and test the neckline of the pattern, at the moment on lower TF everything is still bullish we are waiting to see a decelleration and new bearish structure to form, then once our rules are met we can be looking for a nice short.
The USD/PLN exchange rate has bounced back after the previous strong zloty appreciation. It seems that it has ended thanks to currency intervention by the central bank of Poland. However, it seems that also the market was oversold so the larger correction may appear soon.
Currently, we may observe the first upward movement as the new impulse wave. After that the...
Hello,as you can see an over extended M formation on the weekly time frame, i'm expecting the market to touch the 0.382 or 0.50 and probably 0.618 of the Fibonacci Retracement taken on the weekly impulse itself before going to the Lower Low