Jpyinr 4h. After a pullback to 71

JAPANESE YEN / INDIAN RUPEEICE

Description

⋅ May 13, 2020 6:13 AM

then drop bellow today's low to 68.50 noted.

Reasons:
1. Rsi divergence
2. Price closing lower low
3. Price following a downward slope parallel channel
4. There's a 50 and 618% retracement at 70.80

Comment

⋅ May 17, 2020 8:05 AM

The idea still working price reached to shorting level