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Price Action Trading of Indian currency – GBPINR & USDINR

GBPINR (daily chart) :

After a breakout move below 99 area of support, price moved back up to retest the flip resistance again & faced a strong rejection on the same layer.We're looking for price action sell signal here using 15min timeframe to join the bearish trend & 97.5 is seen as strong support area which could be used as our expected target in case we find a sell entry at current level.Below is the daily setup chart where we explained the reasoning of looking a short entry opportunity at current level & here is the 15-min timeframe ENTRY CHART analysis to seek a possible sell entry.


USDINR (Daily & Entry Chart Analysis) : MEMBER ACCESS ONLY

SUMMARY : READ price momentum context – RECOGNIZE the pattern going on – TRADE the pattern till it ends and to learn it all join me in my ADVANCE TRADING COURSE & trade with me real-time using higher & lower timeframe charts.

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone.

December 30, 2015

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