GBPINR Currency Analysis
The chart is self-explanatory and shared for educational purposes.
📉 Support Level: The price has recently been tested and held a key support level within the channel.
📈 Moving Average: The price is above the moving average (50-150-200-day MA), indicating bullish momentum.
📊 Trade Idea: Consider long positions near the support level, Set a tight stop-loss below the support.
🚫 Risk Management: Always manage risk by adjusting position size and using appropriate stop-loss levels.
The chart is self-explanatory and shared for educational purposes.
📉 Support Level: The price has recently been tested and held a key support level within the channel.
📈 Moving Average: The price is above the moving average (50-150-200-day MA), indicating bullish momentum.
📊 Trade Idea: Consider long positions near the support level, Set a tight stop-loss below the support.
🚫 Risk Management: Always manage risk by adjusting position size and using appropriate stop-loss levels.
Trade closed: target reached