USDINR formed a bearish divergence Carrying a bear call spread for this week's expiry Sold 75 CE and Hedged 72.25 CE, buying it.
After a successful rally Upside, we have analysed that it will rest now. Range bound movement is expected... May go for strangle after tomorrow's expiry is closed.
Price squeezing and may break either side... Bias is Bullish though will act on break out / break down...
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION !
Will USD - INR Regain 77 levels again? Time Fibonacci , Fibonacci Levels Used
Till 72 support is not broken it is in uptrend, has good potential for a good up rally touchin 80-85 levels
Trend has turned positive, going below 73 can reverse it to neutral or downtrend.
USDINR Breakout Buy At Cmp 73.81 SL - 72.2 (WCB) Target - 77
USD INR at a good level if Head n Shoulder breaks out, then we can get a good long trade.
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.
It may take a support near 72.6 and bounce towards 73.5. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
USD/INR Target is 73.718 as it got the neck line range of 0.255 points of movement, hence after price broke the resistance it will move unto 73.718 within few days. Its a 15 minutes chart. N.B. Do Trade Or Invest before consulting your financial advisor. .
USDINR - is travelling in a channel buy every dip and sell every rally
USDINR has made a Inv HnS pattern and broken above it, now making a bullish pole & flag continuation. If flag Breaks up, rally may continue in the channel pattern making more flag n pole continuation patterns. inv HnS has broken the previous downtrend channel.
Note: This is for educational purpose only. There seems to be a bullish reversal from demand zone with increasing volumes.
USD INR has been respecting Harmonic Trading Patterns at every stage. Will it oblige this time too? If yes then if 73.25 holds 74.50 (falling trend line) could be retested.