USD Inr has given good breakout. All levels given in chart. I am a simple person who follows simple things without complication. This call is only for educational purpose.
Awaiting for your comments. Correct me if I am wrong.
Look here two scenarios,
1) rounded downside move toward the main channel OR
2) without breaking narrow channel with up side move with volume rising.
This is really confusing for trade so, still, avoid trading without any breakdown.
The "price rotating" while volume is increasing that will result you big and surge move in single direction.
70% chance is break up and made new high because of above statement. I don't suggest taking any action in this type of uncertain case.
Our First target has been achieved of short...
. There is a possibility of temporary retracement to suggested support line (0.8769). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. EURGBP is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance....
I'm having bearish sentiment.
1. Usdinr at lifetime high.
2. Rsi strong bearish divergence.
3. price is in a consolidation triangle zone.
Question is, which way? I'm seeing probability is downside as per ordinary theory.
. There is still a possibility of temporary retracement to suggested resistance line (1.7455). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. GBPCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
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...