USDINR DOW theory Weekly View from Monday 14Jun2021USDINR DOW theory Weekly View from Monday 14Jun2021
Uptrend in Daily Timeframe
USDINR has broken out of a triangle/flag pattern
Retest of the same is expected to go higher.
However, gap up possibility is also considered, if this happens we are super bullish on it if it stays above the gap for at least an hour.
Details given on the chart.
Happy Trading !!!
USDINR
US dollar will likely strengthen in the long term.Quantitative Easing is essentially trapping the US dollar in the financial system which will cause disinflationary pressures in the future. USD will likely strengthen in the future to all-time highs. USD/INR is forming a falling wedge pattern taking support on a trend line. Very good opportunity for long side exposure on the dollar.
USDINR DOW theory Flag BOEverything explained in chart...
Sold Put options of lower strikes and next expiry...
Disclaimer : This is a trading idea for learning. No trading call. Keep your stop losses and risks within your limits.
Long USDINRUSD/INR
FX_IDC:USDINR
CMP - 72.904
Stop - 72.100 on DCB
Expectation -
T1 - 74.500
T2 - 75.770, Review at 74.500
Expected Holding Period - 40 trading days or earlier for T1
View:- Swing
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
USDINR ViewPrice squeezing and may break either side...
Bias is Bullish though will act on break out / break down...
USDINR View USDINR broke out and retested the 72.64 level
Also, the retest is fantastic with a big rejection hammer candle (bullish sign)
Buy the Dip is the view....
Making flag n pole continuation patterns
USDINR BULL TRADE SETUP AS PER RISK REWARD RISK REWARD BASED TRADE SETUP FOR USDINR \NEAR TRENDLINE SUPPORT , AND BASE AREA
USDINR reversing / DOW theoryUSD INR formed a bullish candle today on Daily TF
Also, on hourly its changing DOW theory and making higher highs and higher lows... YES ! Uptrend !
Flag n pole structure formed on hourly.
Flag breaks go long or else wait for confirmation of breakdown below 72.638
Went long after the morning star today... :)
Happy Trading !!!
USNINR Trend cum Corrective Wave Analysis !!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 !
USDINR NEAR DEMAND ZONE...it seems USDINR is full of bearishness...
but now time decrease your quantity...because it is near demand zone and dollar Index also in demand zone..
if it cross 72 then further down move possible...till that it may be range bound or small retrenchment possible
USDINR Is the trend reversing with changing DOW theoryUSDINR was in a downtrend with Lower highs and Lower Lows
However, today it formed a hammer at the bottom in daily time frame, which could be a bullish reversal sign
Also, in hourly time frame we can see, it is changing its DOW theory.
If it breaks the bullish flag, more upside possible. 1st target 73.32 / 73.40
else I will wait for bearish bet below 73. till then no trading zone.
#QUICKHEAL #IT #ML #IOT #CNXIT #TECH #NIFTY #BANKNIFTY #NIITLTD #QUICKHEAL
NSE:QUICKHEAL
CMP 193.10
Target 225++
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Might blast to more than 225++
Super Bullish on this stock.
From Rachit Sethia with 💚
USDINR retested the trendline Daily descending triangle retested, ripe for swing trade till green resistance.
view negates below trendline.
#SUNFLAG CMP 67.95 Target 90 #INVEST #STOCK #TRADE #STEEL #IRON#SUNFLAG
NSE:SUNFLAG
CMP 67.95
Target 90++
May Hold After Target Reached.
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Might blast to more than 100.
Super Bullish on this stock.
From Rachit Sethia with 💚
USDINR CONFIRMS DOUBLE TOPUSDINR CONFIRMS DOUUBLE TOP PATTERN...SHORT IT FOR TARGET 73.50 AND 72.25....EXPECTED TI TEST LEVELS 70 TILL JULY
