The pair is trading in a strong trend the overall trend suggest a likley breakout to take place and led it towards 106.30 and 106.90 mark as long as 104.50-104.40 holds on the lower side
For a daily swing trend, At 4H time frame there was a breakout for inverted H&S & descending triangle pattern. From the CMP the target till the daily resistance, the SL considering the Inverted H&S or Daily support the risk : reward ratio are 1:44 and 1:25 are respectively. Both the risk : reward ratios are good. If my description is confusion please watch the...
At a daily timeframe there is double bottom neckline pattern. if the neckline breaks, the bull in the market will get stronger. The daily and weekly support looks strong. Disclaimer : The CMP is at the monthly strong resistance so trade with tight SL.
Pound to face a good resistance from 102 to 105. We can expect fall till 80 in form of wave C. Invalidation level is 105.2956. Stay safe and trade safe. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade. ***Ignore the Indiavix and Yield parameters below the chart.***
Quick and safe profitable trading opportunities in currency trading in India via Hedge approach by simultaneous selling one currency pair and buying of another currency pair and vice-versa.
Pair has been in an uptrend and might breakout in the upper direction. It has reached the lower trendline and looks to take support and undergo a reversal rally. Risk Reward Ratio - 1:1 SL is placed below previous swing low, 200 EMA, lower trendline and multiple support zones.
Entry - 102.4 Target 1 - 103.765 Target 2 - 105 SL 1 - 101 SL 2 - 99.8044 Risk Reward Ratio - 1:1 The Pair has reached the lower trend line and looks for a reversal in the short term, The target is place around the near term resistance. The SL is place around near the recent swing low and 200 ema.
Gbpinr wait for triangle pattern break if break 104 then buy it's bullish
Flag or Ascending triangle spotted. Price has tested multiple times upper boundary of Ascending triangle pattern. Price looks bullish if it closes confirmed above upper horizontal boundary.
GBPINR rose to some of the highest levels recently. But the area it reached is a region where 2 resistance lines reside near to each other. Because of this, it hasn't been able to break that level and seems like it will now fall down. But, the fall shall stop around the levels of 98.00 because of a strong support region. I am bearish on this pair for next few sessions.
The pair is showing a price resistance compared to its previous high. If it sustains there will be some profit booking. We could play a short term short or wait for a nice entry at the dip.
GBPINR at 200 MA Tested down once again went UP looking at see if it breaks
GBPINR didn't bounceback and instead breached the support level to drop further. It is fast approaching another Critical Support level of 93. I expect it to continue falling back till that level before we see a change in direction.
In my previous update on GBPINR, I informed that it was at a critical level and may decide the next big movement. It reached the bottom of the support area and we see a strong bullish candle coming up. This could mean it's time for it to move back towards higher levels again. For those requiring a confirmation, may wait for a green candle again before going long.
Hello, Pattern : Bearish Crab Stock : FX_IDC:GBPINR Time Frame : Daily Note : This chart is only for study and reference purpose.
GBPINR has been moving within a range since last many days. Personally, I would plan to open a position when it breaks either of the edge of this channel. Additionally, it looks like there are more chance of it moving towards downside seeing the EMA-20 line.
GBPINR over all up trend as per Picture