Analysis are mentioned in the chart. Wait for the breakout to enter the trade, SL will be low of the flag or there are many other ways depending on your strategy.
I hope you learned and earned from previous JYPINR chart if you missed it look into it, I have attached a link of it.
Please shower some love and show some support so that I can keep sharing ideas and...
USDINR in a range b/w 75.40 - 77.26 ..In last trading session INR shown strength and touch 76.38 level .Now once bear start moving below 76.35 can push towards 75.95. 21th April is major trend change date.
Weekly Trend Change: 76.67
Levels Mentioned are for April Contract of USD INR
Finally, That long consolidation pattern broke out and the price seems to respecting 75.84 level which crucial to maintain further up move.
if it happens taking support at 75.84 then 77 and 78 on the way.
1. Price broke out the long consolidation pattern Triangle, pennant .
2. Keeping in that RSI still deviating but price structure is still bullish .
Amidst this negative background the USDINR is bound to see a periodic thrust to the upside. The strong upward charge seen in March may have hit resistance zone around 78 but then the potential to move towards that levels still exist. The resistance zone is a confluence of a Fibonacci extension as well as modified Upper channel of the Pitchfork that shall aim to...
USD Inr has given good breakout. All levels given in chart. I am a simple person who follows simple things without complication. This call is only for educational purpose.
Awaiting for your comments. Correct me if I am wrong.