GBPINR analysis 08.03.2020
GBPINR1W chart interpretation:
1. Price action closed above the validated red resistance trend
2. Expected resistance around 98.0
3. Next support around 94.0
1D chart interpretation:
1. Validated current uptrend line is labelled as "1D current uptrend".
Trade Setup:
Time frame : Day
Position type: Long
Entry: Upon price action retracing to "1D current uptrend" line
Target 1: 98.0
Target 2: Upon weekly close above 98.9
Stop loss: 1.0 point below the future low at "1D current uptrend" line.
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