TradingView
SolomonsView
Dec 10, 2020 3:39 AM

#EURINR Buy on break of upper trendline Long

EURO / INDIAN RUPEEICE

Description

EURINR has been moving sideways with a downward bias over the last few days post the peak on Dec 3rd. The sideways move has traced an W-X-Y pattern. The pattern also resembles a 'FLAG' pattern as per classical chart analysis. Considering the previous sharp move , one can expect a continued upsurge following a break of the upper trend line

The subsequent move should cross 90
Comments
psyank281
Your last analysis hit the stoploss. Your this analysis will touch stoploss. Buying is recommended only on closing above 90. Rest it is in sell zone till 88.20.
More