USDINR day chart study
Updated
USDINR on day chart broke the 200 day SMA and the big broadening wedge bottom in early march 2019.
Currently it has formed a small broadening wedge.
Avoid all the opportunities to go long (as long as it trades below 200 day SMA) and look for trading opportunities only on the selling side.
I will be waiting to go short after the small broadening wedge breakdown.
Currently it has formed a small broadening wedge.
Avoid all the opportunities to go long (as long as it trades below 200 day SMA) and look for trading opportunities only on the selling side.
I will be waiting to go short after the small broadening wedge breakdown.
Note
We will consider going long only after it closes above 200 day SMA with supporting volume and wait for the right formation/pattern to show next entry, targets and riskNote
USDINR at the support now.
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