rishabhkilaniya

USD/INR preparing to move!

Short
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
Monthly chart for USD/ INR formed ascending triangle and looks ready for a potential down move.

Things to consider:
1. Ascending Traingle formation
2. Monthly Resistance
3. Macd & RSI indicating down move
4. Half M formation (could complete to make full M)

How to enter:
1. Review the market conditions as i presented
2. Locate the monthly resistance
3. Take entry on strong down moment on 4 hr tf

ALL THE BEST!

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