EURPLN $EURPLN Continuation Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
ANALYSIS ON EURPLN Welcome to my analysis - 30Min CHart - 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
This 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...
Depending 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.