USD/INR FX_IDC:USDINR CMP - 72.904 Stop - 72.100 on DCB Expectation - T1 - 74.500 T2 - 75.770, Review at 74.500 Expected Holding Period - 40 trading days or earlier for T1 View:- Swing Disclaimer:- Ideas being shared only for educational purpose Please do your own research or consult your financial advisor before investing
Price squeezing and may break either side... Bias is Bullish though will act on break out / break down...
USDINR broke out and retested the 72.64 level Also, the retest is fantastic with a big rejection hammer candle (bullish sign) Buy the Dip is the view.... Making flag n pole continuation patterns
RISK REWARD BASED TRADE SETUP FOR USDINR \NEAR TRENDLINE SUPPORT , AND BASE AREA
Price should be bounce back from this weekly zone level.
Buying and Selling zones are noted. #Forex #forexsignals #mcx #nifty
Till 72 support is not broken it is in uptrend, has good potential for a good up rally touchin 80-85 levels
Trend has turned positive, going below 73 can reverse it to neutral or downtrend.
USDINR Breakout Buy At Cmp 73.81 SL - 72.2 (WCB) Target - 77
USD INR at a good level if Head n Shoulder breaks out, then we can get a good long trade.
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
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
USDINR has made a Inv HnS pattern and broken above it, now making a bullish pole & flag continuation. If flag Breaks up, rally may continue in the channel pattern making more flag n pole continuation patterns. inv HnS has broken the previous downtrend channel.
USDINR showing a flag with Inverted Head and Shoulder If Breaks Up or Down, may give us good returns in intraday
Note: This is for educational purpose only. There seems to be a bullish reversal from demand zone with increasing volumes.