EURPLN $EURPLN Continuation Short EURPLN $EURPLN Continuation Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Eurplnshort
ANALYSIS ON EURPLNANALYSIS ON EURPLN
Welcome to my analysis
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30Min CHart
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Interesting Point of interest In the EURPLN pair.
- Price above 100/200 day EMA.
- sell at top 4.29000 zone.
- Expecting more downward momentum.
- Watch 4.2500-4.21600 for take profit.
- MACD showing bearish divergence
Stay Tuned
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.
EURPLN Last trend line breakoutDepending on how the EUR will perform when the number come out through out the week. I believe EURPLN will continue down. But I will keep an eye on the 200MA, it need to break the line confidently before it's a save bet.
