AbhishekHSinghCMT

GBPINR- 84.31- Got my 2nd life- Awesome!

FX_IDC:GBPINR   BRITISH POUND / INDIAN RUPEE
11
The flux of sellers & buyers in the market place is just like a running train- don't be crazy & to satisfy your ego that you can take best selfies in front of running train- think again-it could be fatal.

Wow!- 84.31 was amazing -let us go long above that level- but level GI never crossed 84.31- infact it had a sharp fall below 84.31 to 81.75

Here wave-2 retraced 80% of wave-1 which is usually the case in forex as I have seen wave- 2 retracing 99% of wave-1

Trading Strategy
Going above 84.31 or in the congestion zone shall be an opportunity to go long with stops below 82- if congestion zone 82.20-82.50 provides support-in that case strict stops below 82 & length of 84.31 as a target.

GBPINR 2016 Diary- What Next after good times@79-81

Trade active: 14:35 Hrs 22nd Jan2017

Last Price@84.18

Keep an eye on 84.31 level- could be an explosive move upside
Trade active: 17:08 Hrs 23rd Jan2017

Last price@84.88

Awesome - Jumps above 84.31 to last price@84.88
Trade active: 07:06 Hrs 26th Jan2017

Last Price@85.93

Next Target Zone- 91-92

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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