GBPINR Elliott Wave Analysis (Triangle break)

 GBPINR hourly continuous contract

From the above hourly chart of GBPINR it is very clear that prices have given a bearish break after consolidating in a stiff range.

The consolidation which happened in between 104-103.3, was a symmetrical triangle pattern, this now opens the possibility for the pair to sink going ahead.

As per wave theory, prices have completed wave a, followed by wave b in a triangle pattern and wave c which can now test till 102.5 or even lower over short term.

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