USDINR - A short to medium term top in place

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
The first leg of irregular correction has started to appear from 77. 01 . Now a trading opportunity is visible on price charts which can drag prices lower to:
i) 74 being 100% extension of wave A in an ideal case
ii) 73.22 being 138.2% extension of wave A in most cases
iii ) 72.70 being 161.8% extension of wave A on rare occasion

A break below 75. 40 would provide the first confirmation that the move has started on the downside.


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