Monthly chart for USD/INR formed ascending triangle and looks ready for a potential down move. Things to consider: 1. Ascending Traingle formation 2. Monthly Resistance 3. Macd & RSI indicating down move 4. Half M formation (could complete to make full M) How to enter: 1. Review the market conditions as i presented 2. Locate the monthly resistance 3. Take entry...
#USDINR gravestone doji candle pattern on monthly channel top of a potential bullish flag pattern could mean some period of down move at least.
Scenario 1 : Continues the Head n Shoulder breakdown (can you spot Head and Shoulder?) to achieve T1 of Head and Shoulder breakdown target & 200 EMA Support. If breaks further, then T2 can be achieved which is a support of 2 hammers printed previously. Scenario 2 : If it does not break and open flat or gapup, it may consolidate here before breaking down....
Possible Top is formed with Fake Breakout and strong inverted hammer. View : Sideways to Bearish Resistance @ 74.75 Support at 74 Short Straddle 74.75 or 74.5 Strike is possible Or my favourite Bear Call Spread. Sell 74.75 CE and buy 75 CE this must be done on bounce, if we get one for this week's expiry.
USDINR formed a bearish divergence Carrying a bear call spread for this week's expiry Sold 75 CE and Hedged 72.25 CE, buying it.
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION !
USDINR bearish flag if breakdown then 72.85 else if BO of the inclined Trend line, then expecting 73.14
Lower high & lower low , first sign of more bearish outlook for the pir USDINR. One should go short for the target region of at least 68. The key level on upside is 75.
A good opportunity for USDINR Short (trend line breakout on downside)
Note: This is for educational purpose only. There seems to be a bearish breakout in USDINR with ultra high volume. However, RSI is below 30 which indicates oversold. Don't aggressively short this pair. There is a possibility of some bounce back before the next down fall.
Note: This is for educational purpose only. Channel broken with high selling volume. This is a confirmation for downtrend. There might be some consolidation before further downfall.
PRZ - 75.310/75.320 SL 75.295 Target 1 75.365 Target 2 75.395
TREND ANALYSIS & TRADE SETUP Wave Analysis & Chart Pattern . Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for entry setup, if available then Long/short. Reward is 15-20 Times
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short. R:R is 10 to 12 times.
SPOTTED BEARISH BUTTERFLY YOU MAY GO SHORT WITH TARGET 70.966 STOP LOSS BEING 71.559 GOOD LUCK NOTE: TRADE AT YOUR OWN RISK
USDINR is moving in a wedge. Longs can be added on closing basis after break of upper line. SHORTS can be added on closing basis after break of lower line. Not advisable to take positions on inside the wedge. Will update more on any significant moves. Date: 10/09/2019 This is the 3H chart. Your positions are your own sound decisions. I am not responsible...