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Hari-Ram-Kumar
May 12, 2020 4:53 PM

GBPINR Analysis 12.05.2020 Short

BRITISH POUND / INDIAN RUPEEICE

Description

FX_IDC: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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