PLNGBP 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: 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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