USDINR below 70.75 (risky) & 70.30 (safe)USDINR below 70.75 is risky entry and below 70.30 safe entry. Respective sl 71.50 & 72.60.
Personal view, Education purpose only.
INRUSD trade ideas
USDINR 19 FEB 2019FX_IDC:USDINR
Price making higher high on Daily timeframe. We remain bullish and look for long trades only. The Average True Range is falling, meaning that the market movement will be limited and don't expect many pips. Follow proper money management .
USDINR 18 FEB 2019FX_IDC:USDINR
The USDINR is making higher high on Daily time frame for last 3 session. Also supported by the MACD histogram. We are to trade in the long side only with proper money management.
Why do Forex traders lose moneyWe have so many indicators and strategies and yet majority of forex traders lose money. Reason is we don't know who is our competitor.
The mover and shaker of forex market is big banks and institutions. The advantage these big guys have is that they can walk in their trading room and see all the buy orders and short orders. They can see where the stop loss are and where the money is. All they have to do is trade in the opposite direction till your stop loss is hit or margin call hit, then they take that money and go with the trend for a while only to repeat it over and over again day after day .
Think over it.
USDINR 14 FEB 2019FX_IDC:USDINR
Since yesterday the pair is not giving any trade signal as it is making lower low on daily time frame heikin aishi price chart but making green candle higher high on 1 hour time frame. Today it has opened in green on daily timeframe, so we wait for today to confirm the uptrend or risk takers can go long with tight stop loss .
USDINR 12 FEB 2019FX_IDC:USDINR
Making lower low on the Daily time frame, using Heikin Aishi charts. Mard and Stoch also supporting the downtrend. Trading on 1 hour charts on the short side.
USDINR -Day chart 11 Feb 2019FX_IDC:USDINR
USD INR open in red, now after 3 candles close in red on 1 hour and MACD and Stock start falling on 1 hour, we enter into short trade with stop loss at day high 71.44
GBPINR Daily trend down..FX_IDC:GBPINR
Making lower low on daily charts. Trade on the short side on the hourly charts. Mainey follow price action with stop loss at previous candle high.
Daily and 1 Hour time frame tradingFX_IDC:USDINR
To see the trend on daily charts and trade in that trend only on the 1 hour time frame. Mainly follow price action
USDINRChange in direction
1) RSI divergence
2) Double bottom
3) 200 ema
4) 61% Fibonacci entrancement
5) Wit us economy at crucial junction dollar should become strong
Target 72
USDINR : Buy for short term and then sell coming soon.As per my wave analysis, a good buy option is there and then the sell is coming soon.
Do not trade the arrows, without a strong trade strategy, and if you are in the trade, then be cautious when prices come to the end of the arrows..
Happy trading.
Buy USDINRFX_IDC:USDINR
Buy upon breakout of correction.
Stop loss below the recent low formed during breakout
Target up-to the resistance(red) line.
USDINR : Short term and medium term forecastAs per my wave analysis, the possible moves from now..
These are not trading signals.
