In this case we watching small time frame charts in order to place our long. Multiple things which we look for, including our RSI 30% cross over. Updates will be bellow.
Dates 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...
GBPPLN strong weekly demand level around 4.65 in control, pretty decent move away created the imbalance. Longs at new daily demand zones.
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The GBPPLN isn't always clean price action , none the less there is an area of resistance. I'm expecting rejection again of this level and price to move downward to create a double bottom and a "W" pattern. Price will then break the resistance level and I will look to bid on the retest.
If it fail to make the "W" then I still expect a clean push through the level...
The lower white trendline have been tested now 4 times. Still no break. When you see the volume on those break tests, it was low. No selling power. I am very bullish on GBPPLN. In general always been pleased trading PLN pairs. But we aware it's not the most traded, so progress can take days and weeks. RSI and MACD seem to slowly move upwards as well.
