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NeelamN

USDINR Is the trend reversing with changing DOW theory

Long
NeelamN  
OANDA:USDINR   None
Trend Analysis Chart Patterns Technical Indicators USDINR FLAG dowtheory dowtrend dowtheorytrading usdflag
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trendanalysis chartpattern indicator usdinr flag dowtheory dowtrend dowtheorytrading usdflag
USDINR was in a downtrend with Lower highs and Lower Lows
However, today it formed a hammer at the bottom in daily time frame, which could be a bullish reversal sign
Also, in hourly time frame we can see, it is changing its DOW theory.
If it breaks the bullish flag, more upside possible. 1st target 73.32 / 73.40
else I will wait for bearish bet below 73. till then no trading zone.
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