EURINR- Bullish ViewMulti year trendline support with double bottom formation with divergence in RSI
Eurinrprediction
EURINR "BOTTOM OUT" ????This is an additional study to my previous recommendation on EURINR.
Buy More At Cmp 88.6588, Strict SL 87.59 (DCB)
EURINR "NEAR CUP & HANDLE" + "CHANNEL BREAKOUT" - EXPLOSIVE MOVEBuy EURINR Above 90.2, Strict SL - 85.5 (DCB), Target - 101-102
Watch for bullish activity near long term channel EURINR Price is coming near a long term channel support also near horizontal support, can go long after watching activity near level for target of upper
channel boundary.
Eurinr 4h. bear dive Eurinr suppose to break below and reach to level 83.50. Fib level confluences to 50% retrace upside.
Similar to Gbpinr idea also may work as well.
EURINR 4h. making lower low from 86.74We can expect another low to first impulse fib level 168%. High 86.74 and cmp 84.55 potential rejection can happen at that level it may even take quite sometime to break EQ and break below to reach 83.27.
Reason: Nothing happens as you think.
Potential H&S on the EurinrEurinr peak ath theres need to be a discounted price.
Reasons:
1. Strong divergence
2. uncompleted h&s
3. Every hour potential bearish till 84.30
EURINR Looks weak: Short opportunity on the chartsEURINR is looking weak as previous 2 weeks high is acting resistence.
StochRSI also showing early signs of reversal.
The chart is pretty much clear and very straight forward.
Date: Sunday, 13th Oct 2019
Short below 78.214
SL: 78.590
Open Target
Your trades are your own sound decision. I'm not responsible for them.
Trade safe.
EURINR 4h time frame. thought process. EURINR 4h time frame. sharp move from 76.1501 to 77.6148.
Using baseline chart. as we can see level 77.6239 is a strong resistance.
although eurinr is in bear trend following weekly time frame it formed an H&S.
for trade setup upcoming week. look for a consolidation pattern breakout either side of that white box, chances are price retracement at 50%, 61.8% fib level after a huge move. looking rsi is at overbought zone watch for any bear or bull divergence and pattern breakout.
I'll keep updating throughout the week as price react. currently technical bias still remain bearish following long time frame.
EURINR formed H&S on the weekly time frame similar to GBPINR.EURINR formed H&S on the weekly time frame similar to GBPINR if this patterns gets activated then we will see next five month bearish for EURINR. cpm-77.0186 to 68.88630.
Indian Rupee is is getting strong hereEURO looks double top here and reached previous ATH against INR
Bearish divergence in daily/weekly charts.
5 wave impulsive moves is completed here for EUR.
We will see correction to the red line at 76-77 INR.
Time line 3-4 months .
EURINR: Buy@ 77.83, SL@76.94 T1@79.30 T2@81.20EURINR is close to its multi month support level and is a good buy with a better risk to reward ratio.
Buy EURINR ONLY AROUND 77.83 (CMP: 78.135) with Stop-loss of 76.94 and Target 1 at 79.30 and Target 2 at 81.20
Please Note!!! Trade the script only after consultation by your financial consultant. We are not SEBI Registered and hold no liability for the scripts we mention our observations on. This is purely based on Technical analysis any trade done on this analysis is purely be traders responsibility.
EURINR: Buy AT 79.15, SL:77.45, T1@82, T2@85, T3@92EURINR trading above Ichimoku Kumo and has just entered the cloud in Monthly charts. Trade BUY EURINR only at 79.15 with Stop-loss of 77.45 and Target1 @ 82, Target 2 @ 85 and Target 3 @ 92.
This analysis is on special request (Education preferably) and any trading done on this analysis should be taken after consulting your financial advisor.
