GBPINR Update-1
Long term outlook on monthly chart shows that the price action is on a major correction.https://www.tradingview.com/x/yFKRtt8x/
The highs and lows inside the correction area look like this
https://www.tradingview.com/x/1P183Gt3/
This could be a triangle
https://www.tradingview.com/x/eh1GNpIQ/
OR
A flat
https://www.tradingview.com/x/948u0jhs/
OR
Based on momentum of price action, the chart could be resolved as
https://www.tradingview.com/x/Y10FGZA0/
If the running flat was predicted correctly then the next motive wave to the upside should be faster than the previous motive wave.
Major area of consolidations in wave C of the running flat are spotted in red boxes were resistance can be expected in future.
https://www.tradingview.com/x/5s34lfK9/
Accordingly the short term forecast is as follows
https://www.tradingview.com/x/Je79OTFK/
The highs and lows inside the correction area look like this
https://www.tradingview.com/x/1P183Gt3/
This could be a triangle
https://www.tradingview.com/x/eh1GNpIQ/
OR
A flat
https://www.tradingview.com/x/948u0jhs/
OR
Based on momentum of price action, the chart could be resolved as
https://www.tradingview.com/x/Y10FGZA0/
If the running flat was predicted correctly then the next motive wave to the upside should be faster than the previous motive wave.
Major area of consolidations in wave C of the running flat are spotted in red boxes were resistance can be expected in future.
https://www.tradingview.com/x/5s34lfK9/
Accordingly the short term forecast is as follows
https://www.tradingview.com/x/Je79OTFK/
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