SELL STOP ON EURPLNI placed a sell stop order right below the bearish pin bar that formed on the Daily chart. A little more than a 1:1 R:R but I still like the trade setup. Targeting previous Daily lows.
EURPLN trade ideas
EURPLN Breakout Opportunity at Price Level 4.57373Watch for a break out at price level 4.57373. Target Price is 4.58718.
EURPLN W1LOOKING FORWARD TO BEARISH MOVEMENT FOR THR PAIR AFTER HAVING TESTED THE SAME RESISTANCE THREE TIMES
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.
EURPLN SHORT setupEURPLN has reached weekly resistance, on the daily market has printed a nice W formation after which we expect to complete at the neckline giving us our downside target.... on the 1hr timeframe market is still bullish we will be waiting for a new lower low to form then entering the short on retest of broken support turned resistance.
EURPLN - SHORT INTRDAY SETUPEURPLN has reached strong daily resistance, also on the daily we can see market has formed a nice W formation after this pattern we expect to see the market complete at the neckline of the W giving us a short term downside target. On lower timeframes we are waiting to see new bearish structure a new lower low to form then we can look to enter on the retest.
EUR/PLN - sixth day of upward movement in a rowIn our previous analysis of the EUR/PLN exchange rate, we’ve been talking about a potential XABCD harmonic pattern which could also be labeled as simple correction ABC. The market has moved above potential resistance at 4,50 PLN which opened the way to another potential resistance at 4,55 PLN.
However, if this level is broken the market may move even to the December top at 4,62 PLN. It seems that we’re currently observing a potential impulse wave that could be similar to the one observed in the second half of the last month of 2020.
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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.
76.44% 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 EURPLN is charting a falling wedge structure. I guess the price will touch its support line and bounce up along with a breakout of its local resistances.
Best regards EXCAVO
EUR/PLN - potential harmonic patternThe EUR/PLN exchange rate has been forming a potential bullish harmonic pattern labeled as XABCD. What is more, it could also be labeled as ABC simple corrective pattern so the market may be prepared for a potential new impulse wave.
The euro could strengthen to Polish zloty after a 4,50 level breakout and then the way to the next 4,55 resistance level. It seems that only a move below 4,47 may change the sentiment from bullish to bearish.
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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.
76.44% 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.
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 long setup.On the weekly timefame market is in a uptrend and last weeks cande closed with a stong bullish candle were the next one should fill in the wick, on the daily market is also in a nice uptrend and recently broke above resistance with a bullish impulse followed by a nice correction to the 0.382 fibonacci, now we are expecting to see a second impulse and market to form a new higher high from a daily perspective and fill in the wick from a weekly perspective.On the 4hr we are waiting for a break above the previous high so a new higher high to form then on the retest we can look for entries.
EURPLN possible long.On higher TF market is bullish, on the daily market has broke above daily structure with a bullish impulse, followed by a correction to the 0.382 fibonacci which is also aliging with structure, now i am expecting the continuation to the upside and market to form a higher high from a daily perspective, on the 4hr market is still bearish during the correction, i am waiting for a break back above resistance so a new higher high to form on the 4hr then on the retest if all rules are satisfied we will be taking a nice long.
EURPLN video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for EURPLN, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
EUR/PLN Have had positions open for a while. Adding to short from current zone ! If your with me smash the like button :)
Thanks for viewing ! This is not financial advice , please consider your own Due Diligence and Risk Management.
