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KRSCharts
Dec 12, 2022 4:06 PM

USDINR Next possible Movement Short

U.S. DOLLAR / INDIAN RUPEEICE

Description

FX_IDC:USDINR

Analysis on 12th December 2022

>Wave Count - Possibly Beginning of Correction Wave C on bigger cycle.
>Strength - Between the both the tops shown in chart there is a Berish Continuous Divergence.


Comment

Forming Sort of Triangle in Smaller TF than shown in above chart
Watchful!!

Have A Good Day!!

Comment

Accumulation on top (Downward C type pattern)
Can consolidate till 1st updated Target 81 Rs.

Can breakdown any time
Watchful!

Have A Good Day!!

Comment

Finally Strong move !!!

Comment

Berish Continuous Divergences Showing their Strength.

Have a Good Day !!!

Comment

About to touch T1
81 Rs.

Comment

If USDINR breaks down and make another low, then it will further fall of 5th wave.
Hold short positions with SL of 81.8843 (Closing bases).
Comments
Shubhmarg
Hi, I have also same projection for c wave let's see how it works.....nice study.....
KRSCharts
@Shubhmarg, thanks !!!
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