INRGBP trade ideas
Trend in GBPINR, go long GBP INR target RS.92GBPINR 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- 84.31- Got my 2nd life- Awesome!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
GBPINR 2016 Diary- What next after good times@79-81Wow!- Turned as expected from 79-81- gave goosebumps in 2016.
What Next After Good Times@79-81
In Weekly Chart- From lows@80.79- travelled to 86.89 in minor wave-1 & retraced 61.8% at 82.99 in minor wave-2. Heading Next Intraday for 85 above 84.31-if sustains & long term next target zone will be 92-93 where it travels 161.8% of minor wave-1.
This is how we moved in 2016
In charts below click the charts & use load bar feature-to see how it moved
Update-1
Good Times Ahead from 79-81
Update-2
In the box 79-81
Update-3
Isn't that amazing-getting goosebumps