EURPLN trade ideas
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.
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.
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.
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.
EUR/PLN LONGSeems like we reached the bottom. Now impulse up to the red down trend line. Then testing this down trend line.
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!
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.
EURPLN 4H bullish divergencesRSI oversold, bullish divergence on the lower part of the linear regression channel, price was rejected at S1
EURPLN - LONGWait for completed E wave and then expected impulse up.
Published materials are my personal thoughts, basing your speculative decisions at your own risk.
Bearish EURPLNA bearish head and shoulders pattern has been broken to the downside with a target of 4.3413. Regardless of the pattern formation we are bearish with multiple targets that are lower anyways. So we like this trade a lot. A break of the 4.4015 level should get price action moving to the downside. We just posted additional details for premium members.
EURPLN - Inverted hammer at Fib level and Break of trend line EURPLN has now broken it's downwards trendline and price has started to reverse, bouncing off the Fib 61.8 level. This looks like a good opportunity to go long with a great R/R... IF price can retest the previous high.
- Stoch is crossing out of oversold condition
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.
EURPLN: Buy set upHi guys,
I am expecting the EURPLN to make a move to the upside. The EURPLN supported on major moving average support, broke corrective structure, and hit a key retracement level. So looking for a buy set up is likely a good idea.
I hope you have your own tested trading strategy so you're able to profit from this move.
Thank you for your support.
EURPLN daily outlook updateHi guys,
I did already post this idea before, but now I have a slightly different perspective. I think price will move strongly to the highs, as there is more bullish conviction at this level than I previously realised.
With the compelling bull candles at the key retracement level, the hidden bull divergence and a clear break of a wedge this is a great opportunity to be buying at the lows into the highs. The weekly shows a great set up too, which I will show in the update section of this idea. Like and follow to receive instant notifications and links to this chart.
Thank you for your support.
EURPLN LONGWe have a very nice trendline that price bounced off on multle occasion. A great oportunity to go long. Whatch the Moving Averages as always, stop loss at around 4.41 - 4.415 for high risk reward ratio. Good luck.
EURPLN to test the year heightThe Polish currency is not doing well recently. The new political party is introducing anti-business laws. I expect the currency may be weaker especially at the end of the year. Before a new heights will be introduced, first an attack at this height will be in play.
This is only my opinion, please share your views and act to your own strategy.
EURPLN which way?Hi guys,
I am expecting the EURPLN to make one more move up, but the question is, is the correction over? I guess soon we will know. Maybe one more move up before the next down impulse, but can go either way.
Thank you for your support.
TIME FOR RETRACEMENTBearish butterfly has been completed on daily time frame
We have a sharp post election moves with current signs of exhaustion on lower time frames and therefore I expect a retracement to about 0.5 fib. level.
EUR/PLN technicals and trade setupEUR/PLN intermediate bearish trend takes support at 20-EMA, rallies seem momentary as bulls struggle to clear major resistances:
The pair after testing supports at 4.2625 levels, bull swing has been dragging from last 3-4 consecutive days but the prevailing upswings could be dragged but capped at resistances of 4.3124 & 4.3185, failure swings may bring in bearish momentum.
RSI indicates the strength is favored by interim bull swings.
Daily stochastic signals the momentum in bullish sentiments. Whereas these signals are not substantiated by lagging indicators, MACD has remained well below zero levels and there is no bullish crossover yet.
On a broader perspective, back to back shooting stars evidence dips, slide below 20EMA to bring in more slumps (see monthly chart).
Intermediate trend takes support at 20 & 21EMAs.
RSI evidences consistent lower lows, converges to the price declines.
The %D crossover on slow stochastic curves on monthly terms implies that the selling momentum is intensified.
Trade Tips:
One can use current rallies to deploy fresh shorts in this pair by shorting 2D 0.5% ITM puts, while simultaneously adding longs in 1w ATM puts, the position resembles like credit put spread but the strategy would probably be entered at net debit as we chosen very narrowed expiries on shorts side as the bearish sentiments are comparatively more amid current rallies, but we don’t want to miss out the upswings that could effectively reduce the cost of the option trade.
