Long Alternate to the linked idea

This correction could be a triangle but the only suspect is Wave A of triangle with a 5 wave down move.
If this is a triangle, it shall mark the end of wave X and start of wave Z.
Wave X can be validated once the price moves above 104.7 and further above wave Y.
However this approach and the linked approach implies that GBPINR is to be traded long at present and adjust profit taking accordingly in future.