🔸 Weekly Chart Explanation: . . 🔸 Price is on an Ascending Channel. . 🔸 It has bounced at the Resistance Zone. . 🔸 It has potential to reach the Ascending Trendline on this downside move. . 🔸 We will look for a lower timeframe bearish setup. DAILY CHART ANALYSIS:
Here we go again: PLN will go strongly down while EUR and CHF will strengthen
The outflows from Poland have been staggering to say the least, large sharks abandoning ship before the storm reaches shore. Notice how the NBP (National Bank of Poland) has been dovish even though inflation ticks higher ...everything is fine right... We traded the PLN devaluation versus CZK previously, now I prefer EURPLN longs as my 'weapon' of choice....
Hi All , An interesting trade setup on this pair , Using the W1 chart , we can see price is still inside a bullish range , we don't need to be dramatic about the long movement , so patient with this pair should give us some well deserve reward . It's not a day trade , however re-assessing price action below the trendline is necessary if price fails to continue...
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
DAILY CHART ANALYSIS: Price is on a strong bullish trend, moving inside an ascending channel. It has been making a corrective movement, but it has recently broken the descendin trendline of the correction, so, we expect a bullish movement from here. Will look for a lower timeframe bullish setup. WEEKLY ANALYSIS:
𝔹𝕖𝕗𝕠𝕣𝕖 𝕪𝕠𝕦 𝕣𝕖𝕒𝕕 𝕥𝕙𝕚𝕤 𝕚𝕕𝕖𝕒, 𝕡𝕝𝕖𝕒𝕤𝕖, 𝕔𝕝𝕚𝕔𝕜 𝕥𝕙𝕖 𝐋𝐈𝐊𝐄 𝐛𝐮𝐭𝐭𝐨𝐧 𝕥𝕠 𝕤𝕦𝕡𝕡𝕠𝕣𝕥 𝕞𝕪 𝕨𝕠𝕣𝕜. 𝕀 𝕨𝕠𝕦𝕝𝕕 𝕒𝕡𝕡𝕣𝕖𝕔𝕚𝕒𝕥𝕖 𝕚𝕥. The pair will continue to move lower in the following days toward its previous low. As the United Kingdom is about to depart from the European Union on January 31, a possibility of a new country leaving the bloc is increasing. A resolution calling for Poland to...
For this exercise we are going to use PLNCZK as an example and allow a live swing to be setup. The banquet is over for bulls in this case after sellers capped the highs on three separate occasions each time driving the price out. Next came the spike down in thin markets, algos on the sell side helping itself to clean the board. But then came this breakdown...
2 4 hour wick to upside and double bottom with rsi bullish divergance don't forget to join our group in comment section below. time to long it!
short time big profits ahead ! YEA!!!!!!!!!!!!!!!!!!!!!
Pattern: Potential Head and Shoulders on 1W. Signal: (A) Bearish if the 3.85700 1D Support breaks, (B) bullish if it holds. Target: (A) 3.75000, (B) 4.03000.
The pair has been trading sideways within the 3.94000 1D Support and the 4.05500 1D Resistance since early August, forming a Rectangle pattern on 1D (RSI = 42.228, MACD = -0.007, Highs/Lows = -0.0314, ADX = 25.098). At the moment it is near the 1D Support, hence on optimal buy levels, even though the RSI shows there is still a minor potential for a lower pull (if...