Update 14-EUR/INR
Yo! it's a long time since the last update. So what has happened mean while.
Chart 1: Price action resolved into a flat and had continued lower
So what's next.
Chart 2: Expect price to hit 81.4856 before on or before 22 April 2022
Chart 3: Price is under consolidation in 1H chart. Expect the consolidation to end during 14 April 2022 to 15 April 2022 when the price approaches the resistance zone 83.05-83.15
Trade setup:
Position : Short
Trading timeframe: 1H chart
Entry : 83.05-83.15 (based on validation with a bearish candle)
Stop loss : 83.77
Target 1 : 81.4856
Target 2 : 80.3217 ( if price breaks below 81.1737 with high momentum before 19 April 2022)
Target date : 22 April 2022 +/- 1 day
Keep watching this space for further updates on trading and managing the trade.
To understand the concepts behind my analysis please checkout the linked idea. Happy trading :)
Disclaimer: Validate with your analysis before trading. This post is not a trading advise but a product of personal research and analysis
Chart 1: Price action resolved into a flat and had continued lower
So what's next.
Chart 2: Expect price to hit 81.4856 before on or before 22 April 2022
Chart 3: Price is under consolidation in 1H chart. Expect the consolidation to end during 14 April 2022 to 15 April 2022 when the price approaches the resistance zone 83.05-83.15
Trade setup:
Position : Short
Trading timeframe: 1H chart
Entry : 83.05-83.15 (based on validation with a bearish candle)
Stop loss : 83.77
Target 1 : 81.4856
Target 2 : 80.3217 ( if price breaks below 81.1737 with high momentum before 19 April 2022)
Target date : 22 April 2022 +/- 1 day
Keep watching this space for further updates on trading and managing the trade.
To understand the concepts behind my analysis please checkout the linked idea. Happy trading :)
Disclaimer: Validate with your analysis before trading. This post is not a trading advise but a product of personal research and analysis
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.