GBPPLN

This has been a beauty since the downtrend channel breakout as it backtested perfectly and reacted strongly:



dl.dropboxusercontent.com/u/20815047/FTS...PLNdaily06_06_13.gif

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.

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.

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...

You're not far wrong ftse80....

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