The pattern expecting in Chart 3 of Update 15-EUR/INR had not happened. Following chart explains it.
Chart 1:
It the pattern is to recognized as triangle then the wave E should have been a corrective to wave D which means that it should take more time to retrace wave D. However, in this case the price action labelled as wave E had retraced the complete wave D...
Hello everyone,
Post the FED outcome lot of activity has been going on in the currency markets. Here is a trade idea for one such opportunity.
The fundamental rational:
Powell has been hawkish in his views. Currently market is expecting 4 rate hikes this year along with the thought that inflation in the US market is not temporary as earlier thought.
The impact...
EURO/INR - On a weekly chart is near the bottom of the trendline. Any bullish price action is a good opportunity for longing EUROINR.
I'm a newbie. Kindly help me out if something needs correction/fine tuning or your opinion. Thanks.
EURINR WEEKLY ANALYSIS WEEKLY ANALYSIS | DATE 15-11-2021 | Valid for 1 week
Please trade based on the Ichimoku levels and your buy/sell place should be on the market direction.
eurinr is nearly break out
if you are trading in this currency wait for right entry
and enter the right candale Conformation
and risk rewardt ratio is 1:5
EURINR is in downtrend from last six months and if we observe price action closely then we found morning star at the bottom. 85.50 is a very good support zone where you can add on dip. 85.50 is a strong support zone where we see good demand and price rise earlier. Now we can say that history repeats itself, its a high probability that price can go higher as per...
![EURINR: [BUY] EUR INR is on a multi year support](https://s3.tradingview.com/k/KOaDTTb6_mid.png "[BUY] EUR INR is on a multi year support")
