USDINR 1 HRS Time Frame
Validation level 83.42
Zigzag Formation on going (Zigzag Structure A5-B3-C5) before next impulse move
Wave ((A)) of Minute degree internal five waves or subdivision (i),(ii),(iii),(iv),(v).
Wave ((B)) of Minute Degree expended triangle because internal structure is (3-3-3-3-3) nature, of Wave ((B))
I anticipate wave ((C)), tagging of wave ((A)) before going to next move because this structure does not allow to go for next impulse due to incomplete correction or wave ((B)) indicate to me expended triangle so I anticipate (i),(ii),(iii), (iv), (v) for down side which may be complete in 82.21 to 81.76 area and I again anticipate for next impulse when reached around my buying area 82.21 to 81.76.
Conclusion my main idea for first to short USDINR with stop loss 83.42 and my shorting trade cover in 82.21 to 81.76 area and again i see buying setup in this area.
Declaimer it is my personal research before taking any trade please advise your financial adviser i am not SEBI registered financial adviser.
Validation level 83.42
Zigzag Formation on going (Zigzag Structure A5-B3-C5) before next impulse move
Wave ((A)) of Minute degree internal five waves or subdivision (i),(ii),(iii),(iv),(v).
Wave ((B)) of Minute Degree expended triangle because internal structure is (3-3-3-3-3) nature, of Wave ((B))
I anticipate wave ((C)), tagging of wave ((A)) before going to next move because this structure does not allow to go for next impulse due to incomplete correction or wave ((B)) indicate to me expended triangle so I anticipate (i),(ii),(iii), (iv), (v) for down side which may be complete in 82.21 to 81.76 area and I again anticipate for next impulse when reached around my buying area 82.21 to 81.76.
Conclusion my main idea for first to short USDINR with stop loss 83.42 and my shorting trade cover in 82.21 to 81.76 area and again i see buying setup in this area.
Declaimer it is my personal research before taking any trade please advise your financial adviser i am not SEBI registered financial adviser.
Comment:
Nature of wave ((B)) any type