USDINR - bearish bias
USDINR has taken nice resistance of the upper trend line. And selling pressure is building up since morning.
Short term trade is to trade till lower line.
To some one who wants to play for longer view may add shorts at each peak done like today. Once it starts trending lower trendline, down rally may start after a retest.
Smart think to do will be add after first breakown below lower trendline retest.
This will test a lot of patience.
User Discretion - any drastic news from Gov may drive prices crazy
Short term trade is to trade till lower line.
To some one who wants to play for longer view may add shorts at each peak done like today. Once it starts trending lower trendline, down rally may start after a retest.
Smart think to do will be add after first breakown below lower trendline retest.
This will test a lot of patience.
User Discretion - any drastic news from Gov may drive prices crazy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.