UASINR 4hr time frame as per Elliott wave showing strong bearish trend.
Price Action indicates Clear bottom for USDINR and looks good to go up. Personally selling 72.75 PE Monthlies
This is an additional study to my previous recommendation on EURINR. Buy More At Cmp 88.6588, Strict SL 87.59 (DCB)
Buy JPYINR At Cmp .71492, Strict SL - .685 (DCB) Target - .795
On a larger degree front , AUDUSD made a 3 down & 3 up wave formation which suggests that a FLAT pattern is in formation,as long as it maintains below the previous highs. An ending diagonal is forming on lower degree as wave-c which suggests that the 3 up formation is going to exhaust . We should see a five wave down rally if the flat corrective pattern is forming !
Buy EURINR Above 90.2, Strict SL - 85.5 (DCB), Target - 101-102
this currency pair has been in a good upside pattern, and currently forming a ascending triangle with in a symmetrical triangle. at good levels to go long in between .90100-.90200 with a sl below .89700 for good upside.
In XRPUSD , THE OVERALL TREND FOR NOW IS BULLISH UNTIL 0.68421 . SO EXPECTING AN TRIANGLE BREAKOUT HERE . KEEP TIGHT SL FOR SCALPING TRADES !!
the price is rangebound for short term unless broken with a good voulume , trade between marked support and resistance levels .
1) Wait for the price to reject at the entry range and take long position accordingly 2) If broken down , check for 4H candle close below the buy level to go for a SHORT POSITION . 3) May wait for trendline breakout and retest for more confirmation . 4) 4 Targets are given . targets 3 & 4 might be difficult to achieve because of the trendline . trial your...
targets maybe taken as the above lines
analysis mentioned on the chart
Above red line , EURGBP will unfold its 3rd wave.