FX_IDC:USDINR seems to be forming Truncated 5th Wave. Lot of selling pressure at 83 with RSI negative divergence suggesting momentum Fading. Unless 83 is Taken out on closing basis. It could turn out to be Wave 5 Truncation as per Elliottwave Theory.
See here is my trade of eur/usd. I'm currently short on this trade you can see my targets and stop-loss I daily post trading signals and tips on my account Follow me for more Only for education not advise Thank you
USDINR possible and aligned Elliott wave structure of multi time frames from monthly to hourly. Monthly chart Weekly chart Daily chart 4 Hourly chart 1 Hourly chart Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you...
Shooting Star on a 6 months chart of TVC:DXY Is clearly signaling the Crash in US Dollar. Dollar likely to depreciate against major currencies like Yen, Euro, INR It will be also Bullish for Precious Metals and Commodities. And Bullish for Stocks.
FX_IDC:USDINR Analysis: Supports: 82.60, 81.90 Resistance: 83.15 Outlook: Rangebound between 82.50 to 83.25. Safer people can take the lower range as 82. The overall trend is positive with a rising wedge (ascending triangle) pattern.
Usdinr goes downside, on dec.22 first level 82.37 , 82.26, 82.08
As per my analysis #usdcad will go for a long position. i am waiting for one more confirmation to enter a long trade.
My today's analysis deals with the fact that it could coming to an end with the correcting, and a further rise in the DXY is in front of us. > We traders know that no one can predict the future and that is exactly why you have to be prepared for all initial situations. > If the DXY should rise again, it means "BLOOD" for the traditional and crypto markets. >...
In today's post I present relevant marks of the DXY for the next week, which could support the one or the other, in their own analysis. = the technical analysis approaches, are shown in individual images in the post. So that an individual interpretation of the respective - standing alone - is possible. = the title picture shows an example, of a possible trade....
Initial target of 104 on the downside in USD was fulfilled last week. Now it is forming a wedge pattern, and a breakout may test the resistance provided by the initial falling channel.
This analysis shows the whole downside as a corrective move. And the ongoing ending diagonal confirms a reversal to more upside. The invalidation level remains at the previous low, and above that the upside remains a likely move. The Fed's Interest rate decision could trigger the strong move breaking the structure. Price breaking the previous low (Invalidation...
USD-INR after such a steep rise looks like it is in the 5th wave of bigger degree . Within this bigger 5th wave, which should ideally be the last wave of a Major Rise, normally consists of 5 sub waves in smaller degree . Now, Market is looking in 3rd wave of sub degree of bigger 5th wave that I was talking about in the previous two lines.
we should see another drope before next bull run if we finish this harmonic pattern it will be the epic long entry
In FX_IDC:USDINR here are the features we can see: There is a clear bullishness throughout the session. I would say Very Bullish. All candles are hollow and green in hourly charts. There is a bearish divergence in the #USDINR hour chart. Price highs are not sustained by RSI new highs - shown in the photo Most likely: the uptrend will pause as there is...
My USDCAD H1 Note: All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit. I post and share for educational purposes hence no idea we publish should be considered an investment advice. I mostly share ideas with more than normal...
Your trading idea on USDSEK Raising wedge pattern, and has broken however we wait to see close of the candle stick to confirm breakout.
FX_IDC:USDINR SIDEWAY WAIT FOR BREAKOUT OR BREAKDOWN DO OPTION STRATEGY short strangle option