Doing Forex trades if the currency pair doesn't have INR is illegal as per FMCA act and it is also a non-bailable offence!
On 13th March, On grounds of Brexit, GBPUSD buying was a trade with a high probability of success. Then how to buy GBPUSD in Indian Market?
It is easy.
Buy GBPINR futures.
Short USDINR futures.
It literally translates into - GBPUSD buy....
Before the fundamental analyst start calling it the influx of political money, let me give you the targets of 67.84/66.85 for USDINR and make you see the reason behind this correction.
The pair started to move inside a rising wedge at the onset of 2018 and have broken out from the wedge to make a bearish move towards the targets marked with green lines.
If wave iv able to retraces to 70.20, keep patience. Further after 70.20, If it moves below 69.25 then flat could be forming. if goes past above 70.35, Triangle could be forming. Strict SL required in either way Trading.
Guys, the original Blue Sky 90% strategy does not work in live market. It repaints automatically after hitting the "refresh" button. Therefore I have come with a solution, the script is the same but this time it does not repaint AT even after refreshing the entire web-page.
If you guys want to test this indicator in live market, feel free to ask me at Whatsapp...
This video will cover various technical levels for nifty, gold, crude oil, DXY and USD/INR.
To contact us follow us on twitter @ecowiselabs @rakz_27 or email us at email@example.com.. Also you can drop your message in comment section.
We are doing USDJPY Analysis in Daily Time frame
You can keep an Eye on USDJPY it is forming rising channel pattern you can take a trade on the breakout of this pattern.
Note: This is only for Educational Purpose this is not Investment advice.
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Gold have been holding on to the bullish structure it formed in last week of January and a breakout from here will lead to another rally from current levels.
Pardon me for a messy looking chart but you can use it to learn how i have been trading gold moves since August 2018.
Dont for get to like and follow me.
Do check my profile to post any questions.
All the best!