USD/PLN Daily Analysis

















General overview for 11/01/2016:


(the previous analysis of this pair might be seen here)

The impulsive wave progression to the upside has not been completed yet as there
is missing wave 5 blue to the upside. The projected level for wave 5 blue termination
is at the level of 4.1770. Nevertheless, the most important sub-cycle zone is the orange
area between the levels of 3.9291 – 3.9119 as any violation of this zone might lead to
 bullish count invalidation.

Support/Resistance:
4.1770 – Wave 5 Target Projection
4.0592 – Alternative Count Invalidation Level
3.9673 – Technical Support
3.9291 – 3.9119 – Internal Sub-Cycle Invalidation Level
3.8238 – Bullish Count Invalidation Level

Trading recommendations:
Swingtraders should keep the buy orders still open as there is at least one more high above
the level of 4.0592 coming any time soon.

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Mój blog www.elliottfxtrader.com bierze udział w konkursie FxCuffs 2016 w kategorii Blog Roku. 
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Dziękuję! 
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About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

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