I hope you can now see how USDINR represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Thank You Disclaimer: It should not be assumed...
Here, AC and CE are 0.52 . BD is 1.27 . By using ABCD & Three Drives Pattern, USD/INR will test 79 levels in the 2021 year. Afterward, its trend will change. We may see 75 levels as a correction. Short-term investors can buy here for 74.4 - 76 - 78+ levels. ABCD Pattern shows that the C point is a stepping stool towards the level of 79.44 (...
Usdinr Currently at overbought zone on the daily time frame. price is in a downtrend parallel channel and can continue till 72.20 or it can happen if it crosses recent high 74.50 after giving a small pullback to 73.53. price 73.53 is a crucial level to change the direction of either side but most probably 72.20 can be achieved by the end of December 2020.
The price will move upwards towards the PRZ area where I can expect selling pressure and price can fall up-to 38.2 or 61.8%. Let's watch for the Terminal Bar near the PRZ area to execute the trade.
short after breakdown head and shoulder pattern in 30 minute tf.
a. Zone: Strong Bear b. Resistance 1: 74.20 c. Resistance 2: 74.32 d. Support 1: 73.68 e. Support 2: 73.60 OANDA:USDINR
Key Zone - 72.50 / 73.00 Holding The Key Zone - Expect Upside - 74.00 / Strictly Above 74.00 for 75.00-75.20 Falling Below 72.50 / 73.00 Downside Key levels - 70.70 / Falling strictly below 70.70 for 68.00-68.30 ------------------------------------------------------------------------------------------------------------------------ Last USDINR Idea -...
INR breaking previous trendline and EMA on daily charts. Closing will be crucial.
I hope you can now see how USDINR represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the...
USDINR is looking bullish due to 2 reasons. First, a lot of tails are visible and tails are a sign of demand and we can expect the price to move higher with momentum. Second, a previous up move. During March, there was a strong rally towards 77 level and from there price is consolidating in a falling parallel channel. This structure is similar to a bull flag and...
A good opportunity for USDINR Short (trend line breakout on downside)
USDINR has been consolidating since one week and tried to form a base (at the demand zone). In Previous day session it broke its resistance (73.65), and sustained above it. At current level it is looking good for long with good R:R, Minor hurdle at 73.9.
Rise towads 74 should be used to short for 72.20 sl 75.2 Buying will be done only In dip around 72
Buy range 70.8-71.6 target 76 stop loss : 70