Current Price and Recent Movements Today, we are analyzing the GBP/PLN currency pair. Currently, the price is at 5.13 PLN for 1 GBP on the weekly chart. The price has declined from a high of 5.20 last week. We anticipate one more upward move towards the resistance line at 5.25, a level that previously served as a high in April 2020 and as multiple supports from...
📈 GBPPLN Sideways Trading Strategy! 📉 #GBPPLN #Forex #TradingStrategy #TechnicalAnalysis #SidewaysMarket Greetings, fellow traders! 📊 Today, I'd like to share an exciting trading opportunity in the GBPPLN currency pair. The 1-hour chart indicates a sideways market, with no clear bearish or bullish trend. To take advantage of this situation, I have devised two...
Today GBP/USD continued Friday's rally and hit its highest level in 5 weeks at 1.2250.As investors reassess the possibility of the US Federal Reserve keeping policy interest rates unchanged at its upcoming meeting, the broad weakness of the US dollar helps GBP/USD maintain its advantage. Risk sentiment dominated the market in early Asian trading hours as the...
The latest data from the United Kingdom show that the number of people employed in the British labor market has increased by 65,000, higher than the expected 52,000, and the unemployment rate remains at 3.7%.But the pace of wage growth has slowed, which is good news for the Bank of England.Because the central bank is seeking to control inflation, this is another...
GBP/USD: The daily chart is sideways with a weak bullish bias, but the 4-hour chart is suppressed at the upper boundary, so the cycles are not resonating and the amplitude cannot emerge. Therefore, this low-frequency market appears. Regardless of how it operates, traders should take advantage of the fact that the daily chart temporarily does not support a sharp...
GBPPLN $GBPPLN Short Scalp. TPs on chart. 50-200X leverage. Choose your own SL.
GBPPLN Long Scalp. 100x leverage. SL is liquidation. TPs on the chart.
Outlook could be both positive and negative (NEUTRAL), pricing shows now is not a bad time to convert GBP to PLN as we are at a neutral position in the market. Scenario 1 - It could break higher but has some tough resistance to break through first, including breaking out of its current range Scenario 2 - It could bounce back lower, keeping in its current...
We have had an impulsive move to the upside. Thus we need to wait for a correction back into a key level. Need to see 4hr rejections come from this level then I will be taking a long trade. SL at the invalidation level which is below the recent swing low. Target retesting the high and some continuation. Solid RR on this trade.
Pattern: Bullish Megaphone on 1W. Signal: Bullish as the price is consolidating on the MA200. Target: 5.2000 (just below the Resistance). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Previous GBPPLN signals:
minor currency at play. expecting consolidation for little bit and then go up
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
FOLLOWING LAST WEEKS DOWNTREND WAITING FOR RECTANGLE TO BREAK OUT OF CONSOLIDATION 4 HR FULL BEARISH CLOSURE BELOW 4.91009 CONSOLIDATION, ENTER SHORT
GBPPLN shows hidden divergence at the daily
If GBP/PLN breaks above the zone above and retests it nicely I will be bullish up until the next zone, Power scalps will be my main focus on the 15min, great way to catch 100 pips like nothing.
GBPPLN Trading Plan BUY - Riks Reward 1:3