USD INR at a good level if Head n Shoulder breaks out, then we can get a good long trade.
#elliottwave #supportandresistance #usdinr #USDINR based on Elliott wave theory and support and resistance so here according Elliott wave theory it is making 3rd wave of higher degree. WHAT IS HAPPENING IN RED CHANNEL ? IN RED CHANNEL IT IS FORMING 3RD WAVE WHICH CONTAINS LESSER DEGREE WHICH IS MADE UP OF 5 IMPULSIVE WAVES so NEXT IS 5TH WAVE AND IN 5TH...
As of now USD-INR pair is moving in descending triangle pattern. which normally breaks in downward side.
Lower high & lower low , first sign of more bearish outlook for the pir USDINR. One should go short for the target region of at least 68. The key level on upside is 75.
UASINR 4hr time frame as per Elliott wave showing strong bearish trend.
1. Wait for break out below 72.5$ 2. Buy above trend line breakout.
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.
usdinr is now looking good for long as it brok the trend line and taken support at the 72.85 our previous trade was on with sl of 72.70 can check below linked idea
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
USDINR is trading under the descending triangle which is a bearish chart pattern and if it breaks the lower purple line, then we may see targets marked with the black lines. If it falls, it would Impact BankNifty positively and we may see BankNifty trading at higher levels. To motivate me, Please like the idea If you agree with the analysis. Happy...
Both USDINR and DXY have been trending downwards since March and finally USDINR has made a base at 72.7. It has already started showing strength in and is forming an upward channel. It is likely to test the upper end of the channel by end of this expiry. Target of 74.5 by end of this month. Stop loss daily close below 72.25. It can still go higher if the...
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
Amid the market volatality the usdinr is slightly away from observation but here the setup formed in it is very promissing looks good for buy ,it can take support from this level because it is a strong support on chart