Shorting at 69.54 With a sl:70.17 Tg: 69.30 & 69
Hey Guys, USDINR looks good for trade, currently on the weekly resistance zone and most probably it's going to go down from here(decision on Crude Oil on 3rd May is going to also impact it). There are 2 scenarios I have plotted in the charts 1. reaction in the upcoming months from the similarity of historical candles 2. From the combination of support resistance...
USD INR in channels on verge of completion on iii or III so light position only
One can short USDINR with the target of 68.50 or near by levels. With an SL of 70.05 If it breaks the SL, then the trend is us bullish in USDINR with the upper targets of 70.20 & 70.60 levels. Currently it is at the point from where if it breached then expect either a new high or new low. Though the probability of new lows are high. So, be cautious.
USDINR is riding slowing on a bull trend with an strong support at ₹69.13, 69.001 and 68.47 Whenever it touches any of the support don't panic and wait for it to give a closing price of the day. If it below then it is still in bear trend. Otherwise, taking the (SL) of ₹69.06 with the target of 69.70 and 70.20 in coming days.
Hi 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...
USDINR is on Support, from here we can expect little bounce to upward direction.
27 March 2019 Long EUR/USD @1.12498 StopLoss 20 Pips @1.12298 TakeProfit 20 Pips @1.12698
Education & Trading Idea ------------------------------------------------------------------------------------------------------------------------------------------ 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...
buy only at if it's hold at 69.14-16, don't rush wait for correct entry..
USDINR below 70.75 is risky entry and below 70.30 safe entry. Respective sl 71.50 & 72.60. Personal view, Education purpose only.
This would cover Nifty, Bank Nifty, Gold, USDINR and DXY.