Currency
U
EURUSD - LOOK FOR VOLUME & PRICE ACTION AT RESISTANCEFX:EURUSD
(FOR LEARNING PURPOSE ONLY)
Clearly we can see expanding volume whenever the price moves up & declining volume on down move
But in most recent up move (inside channel),price increasing on declining volume
Considering the volume pattern,the resistance zone becomes crucial .
If price holds on to the resistance and moves down,if volume confirms,price might fall to next support
If price breaks the resistance on volume confirmation,bullish trend may continue strongly for next few sessions
USD INR BULLISHThe consolidation near the range of 74.5-75 showing that the pair is still have some room left on the upside for a terminal thrust as a wave 5.
Create your position as per mentioned analysis.
ULong
USDINR levels for intra and swing levels are simple support resistance
and are marked for persoanl project study
one can learn from the same as well
U
Estimated bullish run in USD/INR As per the pattern, dollar might show a steep rise (60-85° angle) in near future. As per the known situations, in long term dollar may face a sharp fall but before that if the pattern breaks out on chart, dollar can witness a sharp bullish rally for a short term.
This explanation is only for educational purpose and isn't any kind of recommendation. Don't take any action based on this explanation itself.
Consider your financial advisor before taking any trades.
Thanks for your time. Happy Trading.
UEducation
UShort
USD INR will touch the upper channel border in the future.If you see daily charts of USD INR you can see a breakout happening from the narrow range of ~70-72 after months of accumulation. Now it's ready for range expansion. Monthly charts are giving clear indication that price will touch the upper range of the channel in coming months/years. Can look for long trades.
ULong
USD/INR Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 4 to 8 times.
JPYINR Currency Trend Analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 8 to 12 times.
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