GBPPLN

Exotic FX this one so a large spread and wide minimum stop but I follow it out of vested interest. Anyway, looks good for a long from here to target the downtrend resistance:



dl.dropbox.com/u/20815047/GBPPLNdaily29_11_12.gif

A sequence of higher lows with a higher high and an apparent bounce off the uptrend support formed by those higher lows. This after a bullish RSI divergence which also provided support at today's uptrend support test. Stoch looks set to cross over for a further buy signal. I'm long from 5.045.

I see u run out of PLN and now hoping for GBP to reach 8/1 before X-mass

You're not far wrong ftse80....

This now looks like it's forming an inverse H&S from the trendline bounce:



dl.dropbox.com/u/20815047/GBPPLN4hr06_12_12.gif

A break of 5.1 would give an H&S target of 5.165 but it could go to the downtrend resistance in its large symmetrical triangle. It's a bit volatile this one so please beware...

This is one of the more exotic FX pairs, obviously, but I have a vested interest in following it so that's why it's on my radar.

Anyway, it's hit a big-time resistance today so may be worth a short. Here's the daily chart:



dl.dropboxusercontent.com/u/20815047/GBPPLNdaily17_05_13.gif

It has a wide spread so be careful but stops above 5.00 should give good risk/reward.

The short on this went quite well but I closed it a tad early. Never mind. I'm now long on this pair as it's broken out of two resistance areas from the strong downtrend (which it's backested today perfectly) and from the high before the higher low - a bit like an ascending triangle breakout:



dl.dropboxusercontent.com/u/20815047/GBPPLNdaily30_05_13.gif

Stops below today's low.