Preparing for a drop zone - under emas hanging on for dear life but its weak - sell pressure is too strong for this one to rise
Our rocket prediction shows that there should be a nice pop in EURPLN in the upcoming weeks. Sponsored by MetaFreedom Investment Group.
Taking entry on a sideways graph with a potential profit. Long from support 1. EUR vs PLN
Two Higher Lows; Swing High; Engulfing Candlestick; Parallel Channel; Entry Price = 4.68762 Take Profit Price = 4.73250
Pin Bar formed at Resistance Level. Pin Bar formed at pull back to the resistance level.
The idea is very simple... Despite it having a significantly higher interest rate than the US, capital isn't flowing in the country. Poland is in a very tough place right now, as it has a relatively small economy and doesn't have a currency that is widely used. Europe overall is a big mess, and the PLN is affected by the EUR too. The ECB still has rates at -0.5%...
Watch Price Level 4.79000 for a bullish price action signal. Wait for price to close above 4.79000 before entering a trade.
Bullish Engulfing Candlestick formed on Pivot Point, EMA 10, and EMA 20.
Closing price (black) is near horizontal level price, EMA 10 Close Price, EMA 20 Close Price, and a Previous Pivot Point Price; Enter a long position. The rejection candlestick open and close price has a short distance.
Different governments over time in 1 month timeframe. Graph shows EURPLN + USDPLN + CHFPLN bucket. It simply shows, how "strong" Polish currency is.
Anticipating trendline break and retest. Seem good enough support to launch this
EURPLN $EURPLN Continuation Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Overall Average Signal from all our indicators suggests a Short. Entry is at market open and exit is shortly before market close or whenever you are okay with profits.
EURPLN Long on the Daily. Targets and SL on the chart.