forextidings

USD/INR (target 79+): ABCD & Three Drives Pattern

Long
OANDA:USDINR   U.S. Dollar / Indian Rupee
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.

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Trade closed: target reached: The First Target reached

Comments

I am having a view of 73.50, 72.50. It was not able to hold 73.95 but tomorrow you will see 73.90+ price tomorrow. The prediction for next year won't hold right if 72.50 is reached because it will distort your 1.27 and .618 calculations.
Reply
Niagra Fall from Monday onwards. 15-20 Paisa will be up tomorrow, you may exit if you want.
Reply
usdinr will test 70 levels by the end of this year
Reply
nope you are wrong
Reply
But, bankers are talking about 70 and then 65 levels by next year end.
Reply
Terminator_1 BharadwajBharaata
@BharadwajBharaata, don't listen bankers
+2 Reply
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