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Ilikethehell
Apr 17, 2020 6:19 AM

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

Description

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
NACHATUR
Wish you good luck!
NACHATUR
Agree with your views.
Ilikethehell
@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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