Hari-Ram-Kumar

GBPINR Analysis 12.05.2020

Short
Hari-Ram-Kumar Updated   
FX_IDC:GBPINR   BRITISH POUND / INDIAN RUPEE
GBPINR
Drop in price today 12.05.2020 was huge.
Price Drop happened upon breaking below the head and shoulders pattern.
Based on above facts and momentum its seems that the fall shall continue.
Short until the price is within the resistance line of the channel.
Hope its going to be fun.
Comment:
Beware of the marked channel for support / reversal
Comment:
One channel is deviated and hence deleted
Trade active:
This trend line is validated and a second chance to re-enter short.
Target: 90.0
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