Breaking 1.2690 will lead the pair towards 1.2730 . Trade 1:1::R:R with 30-50pips, trailing SL of 20pips
The 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.
levels are simple support resistance and are marked for persoanl project study one can learn from the same as well
Pretty decent for paper trade! Follow levels for buy and sell. Can achieve much higher targets!
usando #analisitecnica e altri fattori ho individuato un possibile short di questa #pair
Buy at 105.780 zone sl - 105.015 target -108.341 otherwise if the red trend line break you can enter in a retest
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.
Presumably in its Wave C, can head up to 73.20-73.90 zone. Doubts on New High. Invalidation below Contracting Triangle's Wave C Low. Red Trendline can be used for Trailing.
Short trades can be initiated on EUR INR as correction is due after ~3 weeks of rally. Strict stop loss should be placed as it is currently trading above 200 EMA on daily charts. I'd recommend trailing your stop loss once it starts moving in our desired direction.
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.
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.
USD INR is both bullish and Bearish, let me explain in detail, as per the Elliott wave we can see a small up movement till 73.15 after than its clear down trend at least till 70.4 so one can short if it cross below 71.54 without doubt, lets see how it goese
USDINR day chart analysis - Parallel channel
20190417 BUY USDCHF IN BUY AREA with STOPLOSS BELOW RED LINE 20190422 Major Resistance broken Buy in SUPPORT area Brown - SL 1.00850 TGT 1.01965
Hello, Given the repeated failure of CHFJPY to conquer five-week long resistance lines, the pair is likely to decline to 109.45 and 108.95 supports for now; however, 108.20 could limit the quota's downside to 108.95, if not 108.45 & 107.60 could regain market attention. If the trading to the south continues at all prices below 107.60, the recent low around 106.35...
Here is a quick short term trade in USDINR. Upside can be seen for the next couple of days of around Rs.0.5/-