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yash_utmani

USDINR Daily Chart: An ending diagonal coming home?

Short
U.S. Dollar / Indian Rupee (FX_IDC:USDINR)  
yash_utmani  
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
Chart Patterns Wave Analysis USDINR INR (Indian Rupee) INRUSD indianrupee
3
0
chartpattern waveanalysis usdinr inr-indian-rupee inrusd indianrupee
USDINR seems to have completed a 5 wave move as per ending diagonal pattern shown as 1-2-3-4-5, and also an impulse wave of higher degree shown as (1)-(2)-(3)-(4)-(5). Can expect a fall to 70.41 by 30/08 - 04/09
A move above 72.30 invalidates the pattern.

Wave count in Nifty too supports short term weakness.
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