GBPPLX trade ideas
LONG-TERM PLAY PENGUINS VS GBPPLN :) 1/12/2019Hello Traders!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a cross air.
Heart in the box - a place to jump in/out
PIG in the box - places to be aware of a few different types of reactions from this level
Target sign - the first target to focus on
Thunder sign - spot to react - possible jump to push into reversal
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
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Thank you for your attention,
GOD BLESS U ALL!
GBPPLN - Long opportunity - Supply Level Area - Upside ExpectedGBPPLN - has dropped into a critical supply level area. It is expected based on technical inference that we go up from here. GBP oversold as well and will pop with the Fed rate cut expected on July 31st. Excellent Long Opportunity.
Best regards and GLTA,
OakTree Capital scrl
GBPPLN Buy SignalPattern: Consolidation on 1D.
Signal: Bullish as this consolidation near the 1W Support is usually a bullish reversal formation.
Target: 4.9500 (the 1st 1D Resistance).
GBP-PLN 4HR Swing Trade Opportunity This is a Trend Analysis of GBP-PLN On the 4HR time Frame
From trend lines and Support And a Resistance we Are expecting
A Reversal from Downtrend to Full Uptrend From Key Supporting Price Zones
Martin Trend Trader - Trade 2 = Win 2 Loss 0Previous chart posted for this trade was not displaying correctly so trade overview didn't make any sense to the casual observer. Now updated with the correct price chart.
Martin Trend Trader - Trade 2 = Win 2 Loss 0Testing Martin Trend Line breakout strategy. Second trade in strategy test.
GBPPLN Eliott correction wave incomingas listed in the chart, there is a correction wave incoming A,B,C
looking forward
GBPPLN: Strong Sell Opportunity.The price has crossed into (and naturally/ technically rejected) the long term 4.9427 - 4.9877 Sell Zone on the Monthly Chart (RSI = 50.902, STOCH = 54.497 on mixed MACD = -0.093, Highs/Lows = 0.0464, B/BP = -0.0035). This calls for an optimal sell opportunity with a long term TP = 4.7600. The Buy Zone is illustrated on the dashed green lines for those who wish to take profit earlier. Keep in mind that based on the price action of the past 18 months, the price is more likely to drop now towards 4.8200 and revisit the Sell Zone before the last attempt towards the Buy Zone (happened on the last two occasions).
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GBPPLN: Channel Up continuation. Long.GBPPLN is trading on a rigid 1D Channel Up (RSI = 56.437, MACD = 0.018, B/BP = 0.0207) and has recently priced a Higher Low (Highs/Lows = 0.000). Technically the price should aim at a Higher High near 5.000. Long, TP = 4.95100.
Resistance test. Continuous rejections. Short.GBPPLN is on a continuous rejection sequence on the 1D Resistance and given the neutral RSI = 55.898, Highs/Lows = 0, we expect a bearish reversal. Our TP is 4.74030.
Channel Up on 1D. Long.Standard Channel Up on 1D (RSI = 60.481, Highs/Lows = 0.0701). The Higher High is near 5.0400 but we will take a less aggressive (in accordance with the low MACD = 0.024, B/BP = 0.0699) long with TP = 5.000.
GBPPLN bearish bias for Monday 7th May 2018Not going to bore you with lines and patterns. GBPPLN is going to be bearish on Monday 7th May 2018. Thank me when it does. Very unlikely chance it doesn't you get an easy haha moment. I will be bearish following the Daily Chart on this instrument.
The 5 and 50 is your friend.
SL: 4.84614 (Enough room to allow a test of previous high which is very unlikely)
TP 4.79145 (Going to the 50 SMA)
I am not a fortune teller so take these speculations as pure entertainment. Trading has great risk so trade responsibly.
