Jahir_Jack

USDINR Daily time frame. what could possibly happen?

OANDA:USDINR   U.S. Dollar / Indian Rupee
I'm having bearish sentiment.

Reasons.
1. Usdinr at lifetime high.
2. Rsi strong bearish divergence.
3. price is in a consolidation triangle zone.

Question is, which way? I'm seeing probability is downside as per ordinary theory.
Comment: USDINR is looking bullish certainly. it did broke out the pattern to upside.

Comments

IT WILL BREAK OUT UPSIDE.. FOR 77 NEW LIFE TIME HIGH A TRIANGLE IS 4TH WAVE OF EWA ..AND 5TH IS COMING.....
Reply
Jahir_Jack lyfdekho
@lyfdekho, well it seems so. Maybe break out upside and touch 77.45 again
Reply
What goes up come down again especially in currency. A fast up move could result in sharper down slide
+2 Reply
Jahir_Jack GAUTAM12
@GAUTAM12, yes right.
Reply
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