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GBP INR rejection line. Sell from current price . Massive resistance
Triangle seen on the chart.. lookout for levels
Gbpinr broken trend line in 4h.
buy target 1 = 96.55
target 2 =97.30
Sell on Rise
Red line represent the Stop loss
Blue line represent the target
SUPPORT AND RESISITANCE
GBP/INR currently moving in parallel channel. Once it reaches the lower level of channel (support line) around 97.6000 long entry can be taken. Full on target 99.4700.
As GBP/INR has diverted from the support level this seems to be the best time to go long on GBP/INR and gain profits.
Pinbar at supply zone
Channel play one more time before breakout.
Black lines are targets
Bearish till 94.50 daily range level.
1. Lower low structure.
2 Pullback to previews price level 95.37
3. Daily closing range at 94.50
Futures- Sell below 11:00 candle
Stop loss - 0.15
levels as per the chart wait for clear conformation
Jpyinr and Usdinr.
After a retracement to 93 and then drop below today's low 91.90.
1. Rsi divergence
2. Price closing lower low
3. Price following a downward slope parallel channel
4. There's a 50 and 618% retracement at 93.00
It seems like its goin down for some time. If bearish setup is form it sould be shorted.
WAVE ANALYSIS FX_IDC:GBPINR
Head and shoulder pattern formation in GBPINR daily timeframe.