USDINR - Next Path (Holding 70.35) Expect 72.25 - 74.50+

AbhishekHSinghCMT Updated   
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
Trading Strategies

Plan A - Risky Traders
  • Buy with strict stops below 70.35 for 72.25
    Buy above 72.50 for 74.50
    Buy above 74.50 for 75.50-76 handle

Plan B- Safe Traders (Post Pattern Breakout on upside)
Buy only above 72.25 for 74.50 & above targets as mentioned in Plan A

Note - If USDINR moves in desired direction as expected upside holding 70.35/70.50 handle as support zone - Traders should be careful for Equities.

Thanks for Support
Trade closed manually: 12:06 Hrs / 11th Jan 2019

Last Price - 70.95

Kindly manage your risk & trade. Safe Traders -they should trade only when pattern breaks out which could be either upside above 72.25 or below 70.35

Thanks & have a nice weekend.
Trade closed manually: 19:47 Hrs / 31st Jan 2020

Last price @71.44

Hope You Enjoyed The Fall 71 handle close to trendline at 70.70 & Bounce to 71.40/71.50.

Last Snapshot for this idea. Wish You All Best of Luck.

Trade active: 12:06 Hrs / 28th Feb 2020

Last Price @ 72.16

Plan A Target achieved at 72.25 Exactly. Thanks

Comment: 11:35 Hrs / 3rd March 2020

Last Price @ 72.88

Heading in the direction of 74.50's

Trade active: 19:55 Hrs / 3rd March 2020

Last Price @ 73.35

What Next ?

Comment: 08:33 Hrs / 6th March 2020

This is the last picture of USDINR heading close to 74.50+

Trade active: 20:04 Hrs / 30th March 2020

Snapshot as of 24th March 2020 - Comex Gold & USDINR looks to to top - can we expect Wonder Waves in India Nifty !!!

Snapshot as of 30th March 2020

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

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