USD INR spot @ 64.49, as we seen in history, 64.55-60( strong support/Resistance), now market is again testing level, and in a daily chart potentially forming series of higher low, it’s highly expected as it breaks 64.55-60 will test 65.00-65.20. and 64.20 is strong support.
USD INR Spot at 64.01, IN this downward trend market is at 23.6 fibo level after testing the fibo level more than 50% 64.55 (If we see history 64.55 level tested many times as support or resistance now is expected that market would be ranging from 63.84- 64.42, in coming sessions, for Importers It’s Good level for hedge at 63.-80 to 64.20 “Best 64.00” , for...
EUR INR SPOT 78.14, potentially forming bullish flag, as it would be confirm at 78.36-40, target level 79.76-84, in next week,
On the other hand if it’s not break 78.36-40, will test fibo level 50% at 77.40-44
USD INR Spot @ 63.42, after testing 63.37 on Friday session, after completing series of lower high, I’m expecting now it would make double bottom and as break 63.60-63.80, it would be confirm and test 64.30, ( it’s a best level to hedge for exporters) and the level 63.30-50 (is also good level to hedge for importers) after testing the market 64.30 it would little...
EURUSD 1.1895
Target 1.2087 plus
Stop 1.1775
Rationale:
1) Inverse H & S formation observed.
2) Price pierced past the neckline resistance level, which possibly could act as a support.
3) Price possibly forming cup and handle structure.
FOLLOW US to HUNT with US by TREND HUNTER STRATEGY!
Total Profit: 1023 pip
Closed trade(s): 223 pip Profit
Open trade(s): 800 pip Profit
Trade Setup:
We opened 10 SELL trade(s) @ 115.14 based on 'Two-day reversal candle( Shooting Star )' entry method at 2017.10.23.
Closed Profit:
TP1 @ 114.65 touched at 2017.10.26 with 49 pip Profit.
TP2 @ 113.40...
GBP USD having spot at 1.3169, near about 50% Fibo Level , next resistance is 1.3200 and support is 1.3140 for today, if market break these level from both sides direction would be confirm of the market,
