USD/INR
USDINR
has been hovering around the 68.5 mark for quite some time (around a month) now, and has started to come down slowly.
I can see that the price has formed a Double Top with a negative divergence.
Looks to me like the price is slowly approaching 66.85 levels.
Good opportunity to short here with a small stop loss.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
USDINR
has been hovering around the 68.5 mark for quite some time (around a month) now, and has started to come down slowly. I can see that the price has formed a Double Top with a negative divergence.
Looks to me like the price is slowly approaching 66.85 levels.
Good opportunity to short here with a small stop loss.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.