EUR/PLN SHORT Investment Opportunity 4HHello, I am Trader Andrea Russo and today I want to show you a SHORT investment opportunity on EUR/PLN. We are currently on a 4-hour (4H) chart, and some technical indicators suggest increasing bearish pressure. The overbought signals and the loss of momentum suggest that we could be facing a possible bearish reversal, making this configuration particularly interesting.
Here is the Investment Setup:
The entry price for the trade is set at 4.2854.
There is a SELL signal with a target price set at 4.2066, corresponding to a TP of 1.85%.
The stop loss is set at 4.2593, corresponding to a SL of 0.61%.
This short position offers a favorable risk/reward ratio, taking advantage of the current bearish pressure and the possible confirmation of a bearish trend on EUR/PLN.
As always, I encourage you to monitor this setup carefully and apply strategic and conscious risk management to your trading plan. Happy trading! 📉
Eur-pln
EUR/PLN 4H SHORT Selling Opportunity
Hello, I am Trader Andrea Russo and today I want to show you a SHORT investment opportunity on EUR/PLN. We are currently in a 4-hour chart (4H) and my indicator "WaveTrend + Multi-Timeframe Alerts", published in the SCRIPT section of my TradingView profile, signals an overbought situation both at 4H and 8H. In addition, we are also in a downtrend phase, so we have more signals that support this opportunity.
In the attached chart we can observe the following details:
The current price is around 4.62400.
There is a SELL signal with a target price set at 4.61400, corresponding to a TP of 1.06%.
The stop loss is set at 4.63400, corresponding to a SL of 0.32%.
The suggested short position has a favorable risk/reward ratio.
These combined signals indicate a potential downtrend reversal, making this setup particularly interesting for investors looking for short selling opportunities on EUR/PLN.
I encourage you to monitor this setup closely and act prudently, always considering risk management in your trading plan. Happy trading!
EURPLN Short Trade SetupAfter conducting an analysis on EURPLN, we are excited to present our trade setup.
This opportunity boasts a favorable risk/reward ratio, although it does require patience due to a longer waiting period.
Nevertheless, swing traders may find this setup intriguing and worth considering.
EUR/PLN Bearish Momentum Building Below 200 EMA
⚫Back in April 2024, the EUR/PLN pair tested the 4.2500 support zone, where a triple bottom was established. Over the past five months, the price has consistently failed to break below this level. Simultaneously, we can identify a resistance area near 4.3750, where a double top was formed, indicating a clear trading range between 4.2500 support and 4.3750 resistance—a classic example of range trading.
⚫Looking at the broader picture, in January 2024, the 4.4100 area, previously a support level, flipped to become resistance, confirming the continuation of a long-term bearish trend. Additionally, EUR/PLN remains below the 200 Exponential Moving Average, further reinforcing the likelihood of continued downward movement.
⚫Recent price action, particularly from an Elliott Wave perspective, suggests the formation of an ABC corrective pattern, which was halted at the 4.3311 resistance level, precisely aligning with the Volume Profile. (For those unfamiliar, the Volume Profile highlights the price level where the most trading volume occurred.)
⚫Analyzing the potential Elliott Wave count, EUR/PLN appears to be progressing into the strongest downward wave—wave 3. Overall, the technical outlook remains exceptionally bearish for the long term. As a downside target and potential final support for the 5-wave decline, we can consider the double 227.2% Fibonacci support, located around the 4.1425 area.
⚫While the odds strongly favor the downtrend, it's crucial for traders to remain vigilant. In the event that the price breaks above the 4.3750 resistance, it could signal the beginning of a shift from a bearish to a bullish trend.
EURPLN lookout for headwindIt looks like PLN will get stronger despite the inflation.
Isn't it perfect to get everyones attention to growing money supply (inflation) and at the same time make the currency stronger?
How is that possible? I am not a fundamental analyst so i can't tell you how the mafia operates but one thing for sure is the less people know, the more money for those that call the shots and take you by surprise.
Calling EUR aswell as USD to get weaker against PLN in coming months.
Good luck.
EURPLN for new recent highs 🦐EURPLN is moving inside an ascending channel and the price is now near to monthly structure .
Currently the market is consolidating below a minor resistance.
According to Plancton's strategy if the price will break above we can set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EUR/PLN: Scope for lowerNo 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 towards the 4.4650 retracement.
Meanwhile, resistance remains at 4.5200.
A close above here, if seen, would turn sentiment Neutral and put prices into fresh consolidation below 4.5500.
EURPLN a short opportunity 🦐After our profit on this pair we look now for a new opportunity.
Market hit on the daily support and already tested it few times.
Yesterday market tried to break the structure without succes and price got rejected inside the bear flag .
Finally seem that price lost support and we can look for a nice short order according with Plancton's strategy .
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
EURPLN double top on the 0.618 🦐The market has retraced in a inside a channel till the 0.618 fib level and created a double top.
Now the price is moving down and if the price will manage to break the channel and consequently will break the 4h structure we can look for a nice short order according with our strategy.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
EURPLN - a surprising interest rate cutA very surprising cut of interest rates at today's one-day MPC meeting, without a press conference, may have its impact on the future of the Polish zloty.
In recent days, the EURPLN exchange rate has come close to potential support located at the previous highs in the area of 4.39-4.41. Additionally, a simple correction labeled as "abc" could appear on the chart.
If the reduction of the reference rate from 0.5 to 0.1 percent along with a rather interesting technical arrangement at the same time could affect the market, then the EURPLN exchange rate could move at least to the line drawn along the recent tops.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
EURPLN: Short opportunity within a 1D Rectangle.The pair has discontinued its uptrend (RSI = 61.957, MACD = 0.014, Highs/Lows = 0.0151) this week having been rejected near the 4.4000 1D Resistance. This creates ideal conditions for a reversal towards the 4.31460 1D Support, essentially aiming to trade within a Rectangle pattern. We are short on this formation with 4.33200 - 4.31460 as the Target Zone.
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EURPLN shortTrading these odd pairings can be tough but with the ECB set to destroy the value of the Euro further in about a week and the algo triggering a short signal, might be worth a small play.
Volume is starting to pick up, and momentum to the downside has plenty of room to run even if it's flattening out a bit today.
EUR/PLN 1H Chart: Ascending trend in sightThe Euro has been appreciating gradually against the Polish Zloty since the middle of August. This movement has been bounded in an ascending channel.
As apparent on the chart, the currency pair is trying to surpass the resistance cluster formed by a combination of the 55-, 100-, 200-hour SMAs, the Fibonacci 38.20% retracement, the weekly PP and the monthly S1 in the 4.2932/4.3066 range. It is likely that the pair targets the lower channel line located circa 4.2850. If given channel holds, a reversal north occurs in the nearest future.
Otherwise, a breakout south might occur soon. A potential downside target is the psychological level at 4.2600.
EURPLN: Still inside a Rectangle. Support/ Resistance trading.EURPLN is still within a 1W Rectangle (RSI = 49.997, ADX = 15.208, CCI = -49.2070, Highs/Lows = 0.0000) trading sideways within the 4.2660 Support and 4.34100 Resistance. We continue buying near the Support and selling near the Resistance.
EUR/PLN 1H Chart: Symmetrical triangle in sightThe EUR/PLN currency pair has been trading in symmetrical triangle since the beginning of July. Also, the pair reversed from the upper pattern line located near 4.3282.
Given that currently the rate is pressured by the 55-, 100– and 200-hour SMAs, it is expected that the pair goes downside. A potential target is the lower triangle line located circa 4.2800. Technical indicators for the short term support bearish scenario.
If the pattern does not hold, a breakout south might follow. Important support level to look out for is a combination of the Fibonacci 50.00% retracement and the weekly S2 at 4.2738.