Eur/zloty can still go further down I missed the start of the move but it might still have a few peeps in it
EURPLN trade ideas
waiting back eurpln to enter longit hits a good buying zone so I ll enter on Pull Back only to get 1:3
EUR/PLN - still within a trend channelThe EUR/PLN currency pair has been moving within a trend channel since the end of March. The pair has tested the lower limit of the channel as a potential support area and also has tested the upper limit as potential resistance.
Last week it has been defended so the market may move to the next potential support at 4,36 or at the line drawn through the bottoms.
It seems that only a breakout of the upper limit of the channel may change the sentiment from bearish to bullish.
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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.
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EURPLN BREAK OUT!! DON'T MISS IT :)This is a simple and clear trend of an impulse and correction it can be indicated by a triangle and also a flag
EURPLN triangle range 🦐 The market has been retracing till the 0.5 fib level and price is moving inside a triangle pattern.
If the market will manage to break the triangle and break also the lower yellow structure we can set a nice short order according with our strategy.
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Follow the Shrimp! 🦐
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 Plancton0618 strategy will trigger.
Update idea
Polish central bank is concerned about the strength of the PLNEarlier this month, the Polish central bank signaled that it’s highly concerned about the strength of the Polish zloty. According to the central bank, it prefers the zloty to be weaker to help the economy recover much more efficiently amid the coronavirus pandemic. This paved the way for the euro bulls to force the pair higher towards its resistance level in the sessions. Looking at it, both the zloty and the euro are relatively weak, but the tides are still in favor of bulls. Moreover, investors of the exchange rate are focusing their attention on the presidential elections in Poland. Conservative President Andrzej Duda is facing the current mayor of Warsaw and Liberal party candidate Rafal Trzaskowski in the upcoming second round of voting in the country due in two weeks’ time. The results would have a significant impact on the direction of the Polish zloty as it would determine the approach of the government’s coronavirus rescue and recovery plan.
LONGYou have to be careful and analyze the price action before making the decision. We must think that nobody knows what will happen. I'm just trying to put the odds in my favor. Then the price will do what it has to do. So let's see what happens.
Maria Graells
Approaching Resistance in correlation with USDPLNUSDPLN breakout (published earlier) and EURPLN approaching resistance is indicative of the weakening of the PLN. Potential test of resistance at 4.4778 set stop losses at 4.4642.
TheHonestTrader
LONGYou have to be careful and analyze the price action before making the decision. We must think that nobody knows what will happen. I'm just trying to put the odds in my favor. Then the price will do what it has to do. So let's see what happens.
Maria Graells
EURPLN FLAT correction 🦐EURPLN is in a FLAT correction (ELLIOTT's Waves) and broke a wedge. We will aspect a impulsive wave in order to reach the 'C' Point
According to Plancton strategy, we can set a nice order
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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 Plancton0618 strategy will trigger.
EURPLN A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed (4.51700) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
EURPLN Waiting for the Range Bound and the beginning of the Ascension Trend.
TP1= 4.51700
TP2= 4.57272
EURPLN the price continues to falling downEURPLN the price continues to falling down, after a little bounce to upside, the price wants to fill the weekly bear candle.
According to Plancton strategy, we can set a nice order
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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 Plancton0618 strategy will trigger.
LONGThe price has touched the monthly chart support so why not try the long trade ?. In the daily chart the price gives us the first floor with divergence. I'm going to wait for the price to go down giving a second floor to enter long. who are encouraged?.
You have to be careful and analyze the price action before making the decision. We must think that nobody knows what will happen. I'm just trying to put the odds in my favor. Then the price will do what it has to do. So let's see what happens.
Potential short term buy opportunity on EURPLNWhat we see here is a currency pair that is net bearish, but has exhausted and formed a key level on the 4H timeframe, which shows there that the resting liquidity in this region is enough to inject some buying pressure, until we reach the retest of our supply zone at the top, and prepare for a long term sell movement
