Updates for USDINRHi Guys,
Rupee looks strong on the weekly chart, but it seems like it might consolidate in 68.5-70 Range for 1-2 months then it might go for the big move.
It will depend on the price action in the areas I have plotted. Most probably it might go down(Because RSI Seems week for USD) because of the structure but still can't say exactly.
This is not financial advice, just my thoughts.
Thanks.
USDINR
Expecting Support Bounce on USDINRUSDINR is on Support, from here we can expect little bounce to upward direction.
USDINR - The Box Match@69.16Education & Trading Idea
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Mankading
Controversial Strategy Mankading has been discussed which is used at times to score a plus against your opponent and compared with similar box kind of strategy used in real time trading.
The act of dismissing a batsman when bowler makes the bowling action before he could complete the bowling -non striker batsman leaves the crease & bowler removes the bail. This act is called Mankading & was named after legendary cricketer - Sir, Vinoo Mankad
Latest Mankading act which I recollect was seen carrying out by famous cricketer- Chris Gayle in IPL & In Under-19 Cricket World Cup -West Indies V/s Zimbabwe where West Indies took the last quarter-final spot with a thrilling, but controversial, two-run win over Zimbabwe & finally winning Under - 19 World Cup.
That's the power of Mankading.
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Trading Strategy
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Strict Stoploss - 68.00
Target 1 Zone -
71.50-71.80
Target 2 Above 71.80
72.50
Target 3 Above 72.60
74.50
Target 4 Above 74.50
Can it be Up Up & Away
Thanks for watching this video.
USDINR's Market structure are in complete bearish mode.USDINR's Market structure are in complete bearish mode.
Darn!! Consolidation bull flag has broken to upDarn!! Consolidation bull flag has broken to up.
After three days of consolidation, now USDINR shoot up if Crude Oil supports credibly we're going to see 71.50 near term.
Nice level to short here for target of 69.92 and then continuesNice level to short for target 69.92 and then continues. According to price action zone USDINR 70.50 rejected also major currencies recovering
Darn!! it is a complete reversal USDINRUSDINR it is a complete reversal. if it breaks 70.50 then 71.50 easily possible I think.