GBPPLN - 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
Pattern: 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).
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
Previous 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.
Testing Martin Trend Line breakout strategy. Second trade in strategy test.
as listed in the chart, there is a correction wave incoming A,B,C looking forward
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...
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.
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.
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.