Long
USD/INR (target 79+): ABCD & Three Drives Pattern
Here, AC and CE are 0.52.
BD is 1.27.
By using ABCD & Three Drives Pattern, USD/INR will test 79 levels in the 2021 year. Afterward, its trend will change. We may see 75 levels as a correction.
Short-term investors can buy here for 74.4 - 76 - 78+ levels. ABCD Pattern shows that the C point is a stepping stool towards the level of 79.44 (1.27 retracement level), and the D point is a reversal zone.
Like and comment on my articles, and follow me for regular updates & new trading ideas.
BD is 1.27.
By using ABCD & Three Drives Pattern, USD/INR will test 79 levels in the 2021 year. Afterward, its trend will change. We may see 75 levels as a correction.
Short-term investors can buy here for 74.4 - 76 - 78+ levels. ABCD Pattern shows that the C point is a stepping stool towards the level of 79.44 (1.27 retracement level), and the D point is a reversal zone.
Like and comment on my articles, and follow me for regular updates & new trading ideas.
Trade closed: target reached
The First Target reached
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.