GBPPLN Trading Plan SELL - Riks Reward 1:2 - 1:3 H4 EMA9 OK, AC 2-7 45M EMA OK, SND OK
Hi, looking long term at GBPPLN, I'm seeing correlation with GBP-USD when it comes to shorting both of the pairs. As you can see, external FIB levels are working perfectly on W1, so there is no doubt about 161.8 and 61.8 together, how it should work.
Pattern: Channel Up on 1D. Signal: Bearish as the pattern made a Higher High and is descending towards the Higher Low trend line. The RSI is also on a Descending trend line. Target: 5.035 (around -3.90% from the High, similar to the weakest drop after an RSI Lower High).
IF THE MARKET RESPECTS THE TREND LINE, BUY FROM THE DIP! IF NOT, WAIT UNTIL THE MARKET REACHES 5.11756 AREA THEN BUY.
Stop Loss = 4.93843 / Take Profit = 5.49923 > Coupled with a 1% risk with 3% reward. Once the trade reaches a 2:1 point move SL in front of opening at a 1:1 point to mitigate risk. Keep Chasing that Paper!!!
Looking on the daily chart of the GBP/PLN currency pair we may spot a strong upward movement that is trying to break a potential resistance set by the previous top at 5,17. The current rally may be the consequence of a previously described harmonic pattern which looks like a Gartley pattern. Using a Fibo expansion tool we may spot other potential targets for the...
Dates in the future with the greatest probability for a price high or price low
Dates in the future with the greatest probability for a price high or price low
Dates in the future with the greatest probability for a price high or price low
A potential simple ABC correction has been described in an earlier analysis (PL version). After that the pound quite quickly gained against the zloty, which also allowed to mark another potential pattern - harmonic pattern. It is a possible bullish harmonic structure, which theoretically could mean an attempt to create an upward movement to the area of the first...
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
We are in the Wave A of the A-B-C structure according to EWP. we should wait for the Wave B to be completed, and buy in the beginning of Wave C upward to the level of 5.0200.
short time big profits ahead ! YEA!!!!!!!!!!!!!!!!!!!!!
Hello 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...
Possible buy , let me know what you think ?