This is the plan of USDINR breakout for next upcoming seasons according to price action advanced analysis upcoming target of this currency pair apx is 6-7% in one month
USD INR is seen to have completed its 5th wave of a smaller degree of bigger wave 3rd. It should come lower and this can boost Nifty a bit at the least. This is based on Elliott Wave Theory. OANDA:USDINR
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis. There seems to be a bearish reversal from supply zone. Low of current candle is lower than that of previous candle. SL: ₹ 74.70
All the retails have been shaken out. The accumulation has been done . Now its time to markup the price. These are probable entry, exit and stoploss area.
Wave Theory tradable setup up on USDINR. Plan (A): buy above 75.316 Plan (B): buy 74.512 nearby