1. inverted HNS 2. bulls after retracement 3. good risk reward
Commentary: GBPINR 4h time frame. bear flag got reject and brokeout to upside. facing strong resistance zone at 85.1537. following weekly time frame gbpinr formed h&s and still remain in bear trend. Upcoming week thought process: gbpinr is in bear trend and gave a pullback facing 85.1537 strong resistance following another resistance at 86.6605. projecting...
GBPINR formed H&S on the weekly time frame. Also pattern got activated, interesting to see if this H&S really plays out. cpm-85.8103 to 77.2491 it will take atleast five months to travel this price on target.
GBPINR formed a Triangle Pattern. There is High Possibility for a breakout on the upper side. GBPINR taking support at 87.50 -88.00 for the last 4 months.
Looking at the 240 on this pair, I am guessing we are in a complex corrective pattern. If this is true, then the next leg could be upwards to finish the C wave which is part of the higher degree B wave. Thats the bigger picture from what I see.
GBPINR possibly is in a 240 consolidation and it looks like the B of the ABC is done. The next move could be upwards, to finish the C and thus finishing the entire corrective structure. I would like to look for Buy setups in the near term. The Sell may not go too far down but my view is that the risk reward looks favourable for Buy's.
GBPINR formed INVERTED H&S confirming a SELL in counter at 89.80 with Stop-loss of 90.20 and Target 1 at 88.45 and Target2 @ 87.1690.
GBPINR is above Ichimoku Kumo and price action heading above Tenkan/Kijun signifying a BUY ONLY ABOVE 90.60 with Stop-loss of 88 and Target1 at 92.45, Target2@94 and Target3@96.45
Classical cup-saucer pattern completed with fresh buyers initiating long positions. Next resistance - 91.5
for educational purpose - GBPINR is at crucial support otherwise 74.00 will seen
for educational purpose - GBPINR is at support (not very strong) 81.50. buy it here with sl 8135 for tgt 84.5. or wait for short below 80.75 with sl of 81.25 for tgt of 75.00
GBPINR has formed inside bar on monthly chart. it has formed this setup on 61% retresment level of entire principal swing. this is good setup for trading long minimum upside target is 10-15% of current price. it will go up to the RS.92 wish you happy trading. enjoy trading
GBPINR the pair has lost almost 15% value since brexit and has been under pressure, the pair is now looking strong and gradually trading higher high, it is trading on symmetrical triangle resistance and there may be breakout at this point. traders may enter long in this pair if breakout 84.90 with a target of 86.35 in near term or if breakout doesn't occurs it...