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