Jahir_Jack

USDINR 4H. Pattern broke out and price took support at 75.84.

OANDA:USDINR   U.S. Dollar / Indian Rupee
Finally, That long consolidation pattern broke out and the price seems to respecting 75.84 level which crucial to maintain further up move.
if it happens taking support at 75.84 then 77 and 78 on the way.

Reasons:
1. Price broke out the long consolidation pattern Triangle, pennant .
2. Keeping in that RSI still deviating but price structure is still bullish .
3. Price took support at pattern break out level 75.84. (Watching) *if it really happens then carrying long position is a good idea looking for 77 and 78.
Comment: USDINR is no more good looking enough to hold shitbag anymore.

Comments

Wish you good luck!
+1 Reply
Agree with your views.
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Jahir_Jack NACHATUR
@NACHATUR, well Thanks.
I'm having huge lots of futs and options. If it's played out as expected I'll buy more weedle later that day :)
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