GBPINR trade ideas
GBPINR - ASCENDING TRIANGLE FORMATION - VERY VERY BULLISH
Looking at the chart, you can see how the script is making higher lows every time but not breaking the resistance. Putting it together it is making an ascending triangle and getting ready for an upwards breakout.
GBPINR short position trade active.Entry point : 100.1
S.L.: 100.45
SHORT TERM TARGET: 99.1
MID TERM TARGET: 97.6
GBPINR PAIR LOOKING GREAT SHORT OPPORTUNITY WITH 2.44% RETURN 1:2.79 RISK REWARD RATION RETURN ON INVESTMENT PLEASE MAINTAIN STOP LOSS AS WELL AS TARGET .
Sell GBPINR With the sl 99.80GBPINR Just broken the trend line.Sell with the sl 99.80 with the target of 98.30
If breaks and stays below 98.30 then it may go below 200 ma.
Target and sl explained in the chart.Trade with your own risk.Happy trading.
GBP INR rejection line. Sell from current price GBP INR rejection line. Sell from current price . Massive resistance
GBPINR JUST Broken trend line looking for the bounce upto 96.55Gbpinr broken trend line in 4h.
buy target 1 = 96.55
target 2 =97.30
sl =93.90
GBP/INRGBP/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.
Long GBPINRAs GBP/INR has diverted from the support level this seems to be the best time to go long on GBP/INR and gain profits.
GBPINR to 96 and below
Pinbar at supply zone
Channel play one more time before breakout.
Black lines are targets
GBPINR 30 mins. Bearish till 94.50 daily range level.
Reasons:
1. Lower low structure.
2 Pullback to previews price level 95.37
3. Daily closing range at 94.50
Gbpinr 4h. another similar idea related toJpyinr and Usdinr.
After a retracement to 93 and then drop below today's low 91.90.
Reasons:
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
IDEA OF GBP BEARISH It seems like its goin down for some time. If bearish setup is form it sould be shorted.
