GBPINR Update-2
https://www.tradingview.com/x/sf31fd7X/
This weekly chart shows that the encircled price action displays bullishness where the shaded area was an intermittent bearish move. This bearish move divides the bullish move into 2 waves as shown below
https://www.tradingview.com/x/73HDJ3F0/
The daily chart can be interpreted as
Option 1
https://www.tradingview.com/x/Di3yWJ4A/
Option 2
https://www.tradingview.com/x/UCzPy71p/
The common area of time and price move equivalent to the previous move is
https://www.tradingview.com/x/ojp0bNe7/
The recent momentum after the correction is more than the one before correction.
https://www.tradingview.com/x/72A93A3j/
What next
Look for bullish trading signals until the price action is above the pitch forks. If already long then the green shaded area should be the stop loss
https://www.tradingview.com/x/VMAhJGkm/
Target price and time are purple highlighted areas.
Agreed if there are any contradictions with Update-1 which are linked
This weekly chart shows that the encircled price action displays bullishness where the shaded area was an intermittent bearish move. This bearish move divides the bullish move into 2 waves as shown below
https://www.tradingview.com/x/73HDJ3F0/
The daily chart can be interpreted as
Option 1
https://www.tradingview.com/x/Di3yWJ4A/
Option 2
https://www.tradingview.com/x/UCzPy71p/
The common area of time and price move equivalent to the previous move is
https://www.tradingview.com/x/ojp0bNe7/
The recent momentum after the correction is more than the one before correction.
https://www.tradingview.com/x/72A93A3j/
What next
Look for bullish trading signals until the price action is above the pitch forks. If already long then the green shaded area should be the stop loss
https://www.tradingview.com/x/VMAhJGkm/
Target price and time are purple highlighted areas.
Agreed if there are any contradictions with Update-1 which are linked
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