Hello Guys! Hope you had enjoyed the festive season... I enjoyed a lot... with Ganpati Bappa and Gauri Mata's Ashirwaad... May God shower blessings on all of us... Sorry ! As I did not post anything for a while... This week's USDINR view is as follows : USDINR was sideways for quiet sometime, consolidating in a triangle pattern. It broke upwards today and I...
USDINR Important Support and Resistance Be very cautious when price is around these levels.A breakout can be trailed for maximum profits.
USD INR forming a inverted cup nd Handle on Daily timeframe. U can short at current market price and square off ur positions at 72.25
Closed above Monthly Bearish Level.... We can see 73.8899 soon that's the monthly Bullish level... Only above monthly bullish level...74.09-74.05 level soon.... Like... Share.. Follow...
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#USDINR first week after previous months gravestone doji seems working and it lost grip of previous resistance and now is heading down to channel median with 3 bearish candles. Momentum is resisting on rsi second time each time attempt to break hit channel top.
USDINR strong support aroung 72.35-72.40. Go long in this range. Target 74 - 74.50
Keep a Watch, It will break either side of the market...
USDINR in a downtrend channel still as published previously. Now it is also showing Head and Shoulder pattern if breaks the neckline will give good targets similar to the length from top of head to neckline. If it fails to break down, then sideways view continued till it breaks upside. Will look for price action tomorrow and take position of bear call spread if...
It form Inverse H&S pattern. it may test 74.74 and 74.90 soon stop loss 74.00 USD INR has inverse relation with Nifty so.......
USDINR finally printed an Evening Star kind of pattern, taking resistance of a downtrend channel. Not in any trade this week as I was not very clear with my view. Now, will take the trade tomorrow, based on price action, will try to execute bear call spread and will try to sell on a bounce if I get one.
Monthly chart for USD/INR formed ascending triangle and looks ready for a potential down move. Things to consider: 1. Ascending Traingle formation 2. Monthly Resistance 3. Macd & RSI indicating down move 4. Half M formation (could complete to make full M) How to enter: 1. Review the market conditions as i presented 2. Locate the monthly resistance 3. Take entry...
#USDINR gravestone doji candle pattern on monthly channel top of a potential bullish flag pattern could mean some period of down move at least.
USDINR is stucked between 50 & 200 EMA Hence, the strategy applied is Short Iron Condor Sold ATM CE & PE Bought OTM CE & PE to cover Sold Options / Hedge Break Even Points Downside BEP 74.11 Upside BEP 74.64 Max Profit expected : 12%
USDINR in Channel Taking Support and Resistances in the channel drawn. Looks downtrend in near future. Happy Trading !!!
USDINR not making higher high or lower low range 74.40 to 74.75 Made Short Iron Condor. Sold 74.75 CE & 74.25 PE Bought 75 CE & 74 PE Will exit bear call spread if breaks down or exit bull put spread if breaks up.
#USDINR that bearish wick is RBI doing its job fundamentally and channel top resistance chartwise
Scenario 1 : Continues the Head n Shoulder breakdown (can you spot Head and Shoulder?) to achieve T1 of Head and Shoulder breakdown target & 200 EMA Support. If breaks further, then T2 can be achieved which is a support of 2 hammers printed previously. Scenario 2 : If it does not break and open flat or gapup, it may consolidate here before breaking down....