GBPPLN JUNE 1-5FOLLOWING LAST WEEKS DOWNTREND
WAITING FOR RECTANGLE TO BREAK OUT OF CONSOLIDATION
4 HR FULL BEARISH CLOSURE BELOW 4.91009 CONSOLIDATION, ENTER SHORT
GBPPLN trade ideas
GBP/PLN (Approaching a key zone)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.
BRITISH POUND / POLISH ZLOTY (GBPPLN) Monthly, Weekly & DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
GBPPLN Trading Plan SELL - Riks Reward 1:2 - 1:3GBPPLN Trading Plan SELL - Riks Reward 1:2 - 1:3
H4
EMA9 OK, AC 2-7
45M
EMA OK, SND OK
Levels to look at. Short GBPPLN long term 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.
GBPPLN Sell SignalPattern: 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).
GBP/PLN H1 UP TRENDIF THE MARKET RESPECTS THE TREND LINE, BUY FROM THE DIP! IF NOT, WAIT UNTIL THE MARKET REACHES 5.11756 AREA THEN BUY.
GBP/PLZ Long Trade - Entry 5.07887Stop 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!!!
GBP/PLN, D1 - continuation after a harmonic patternLooking 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 rally at 100 and 161,8 percent.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
BRITISH POUND / POLISH ZLOTY (GBPPLN) DailyDates in the future with the greatest probability for a price high or price low
BRITISH POUND / POLISH ZOLTY (GBPPLN) WeeklyDates in the future with the greatest probability for a price high or price low
BRITISH POUND / POLISH ZLOTY (GBPPLN) MonthlyDates in the future with the greatest probability for a price high or price low
GBP/PLN, D1 - harmonic formation after simple correctionA 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 major resistance at 5.17.
It seems that only going below potential support at 4.89 could change the balance of power in this market.
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GBP PLN SELL (POUND STERLING - POLISH ZLOTY)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
Buy GBP/PLNWe 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.
