USDINR Break out of range Finally a candle breaking out the angular flag Trend line on the upside which was awaited.... So, not we can get ready to see an aggressive move above this resistance. T1 : Target 1 - Flag's length T2 : Target 2 - Pole's length Strategy to be used can be Bull Call Spread (aggressive way) & Bull Put Spread (conservative way)Longby NeelamN5
Wave Counting from Long term to shortest I have made efforts in explaining how we can come to conclusions based on the method we know i have also made efforts in explaining there is no shortcut for any methods , every time you want to trade live you must carry out the method you follow and you must follow the rules and guidelines for the same If you have any Questions then let me know thanks 17:10by ShreeKrishna228
USDINR weekend, 11.03.2023re-publishing herewith my "USDINR next week" idea using 1 hour time frameby omvats1Updated 3
USDINR week chart in day time framerepublishing herewith my weekly idea about USDINR in day time frameby omvats14
Divergence: A Retrospective Divergence Trading is lucrative as the price movement following a divergence is with high momentum, hence rewarding with decent Risk:Reward. The common way is to add conventional RSI and check for divergence . However we often found that many of the vanilla RSI divergence signals are conveniently ignored by the following price action. Then the question is: Does RSI divergence fakes out? OR with the confluence of something other stuff we can more accurately identify these sorts of divergence and hop into it happily with lucrative Risk:Reward. Potentially the Volume Profile (more specifically: The Fixed Range Volume Profile) identified high liquidity zones (classical term: Point of Control , PoC ) are the area where one should look out for a potential RSI divergence. We have picked up the FX_IDC:USDINR last 5 months Daily chart and followed this analysis tecnique: Analysis Methodology: Use Daily (or something like hourly/4-hour etc.) normal candlestick. Identify the swings in the chart (high, lows). For each swing, apply Fixed Range Volume Profile free TradingView indicator (available under Technicals > Profile, 2nd from top) The PoC (Point of control) is visible in the chart. You may mark it in the chart with a horizontal line (or a rectangle). That's the liquid-most zone . If you see some other areas other than PoC area (technically called Value Area ) are showing decent liquidity (comparable to PoC, say within 60% of PoC), then mark that area also with a horizontal line. Add a RSI. Cleanout everything other than just the RSI line chart. Change the main price chart from normal candle to line chart. Once you see the price is in the high liquidity zone, check the price and the RSI together. See if there is a divergence. Positive/Bullish Divergence : Price is making a lower-low, but corresponding RSI levels are not making lower-low (either same or making higher low). Negative/Bearis Divergence : Price is making higher-high, but corresponding RSI levels are not making higher-high (either same or making lower high). Hidden Divergence : No need to consider too much. Spotting a normal RSI divergence is good enough. That's it. Once you find out the divergence, take a Positional Trade in the opposite direction of trend. (means +ve divergence Long / -ve divergence Short). Hold it with the SL of the Highest Point of the high liquidity zone (which you have marked earlier) and ride the reversal movement with trailing the stop loss. In last 5 months USDINR, we can see it happened at least thrice. So it's powerful. Lesser number of quality trades. by pradipandsuvra1
USD INR 2023Two week of the balance zone is disturbed and the balance zone is broken. USDINR unable to onboard new buyers in this zone. Triple top formed and trend reversal confirmed. In the short term it may test 81.60 to 81.80 levels to attract buyers. If it fails to attract, the next key level is 80.80. Shortby SBPraveenUpdated 334
USDINR, Next week, 06.03.2023Publishing herewith my idea about USDINR using weekly time frameby omvats1222
USDINR week, 04.03.2023Re-publishing my USDINR idea published dtd. 16.02.2023, there was a breakdown of a triangle patternby omvats1Updated 1
USDINR Feb 2023USDINR is in a range since Oct 2022 Likely to break out of this 4 month range to give good targets Targets analyzed & marked in chart as per flag length considered at higher low and breakout point. But if the price action shows a Bearish Candle at third top, it is likely to swing down & retrace before breakout. Range for Feb could be 83.25 - 82.5Longby NeelamNUpdated 13
USDINR predictive analysis with future directions in DCB.USDINR hovering between the marked suppy demand zones as per present price action. by biniyoger_swaralipiUpdated 4
USD/INR at major resistence!!!USD/INR is at a crucial level. If the stock breaks above 83.06 and sustains, then it could negatively impact Indian markets and vice versa. by beartrader172
USD INR : WILL IT BREAK THE RESISTANCES THIS TIMEI am sharing my view on USD INR Movement as of now and predicted the two possible moves on the chart. The chart is moving in a range since 14 Feb 2023 and shrinking all the way to form an ascending triangle. I have tried to wind up its movement as shown in the chart. As USDINR has already tested the resistance level 1, 5 times, and thus the probability of breaking out is high, with support of two Moving Averages below the CMP, and ascending support line. However , it may encounter another rejection at resistance level 2 again , as it has not been tested much. Please share your views !Longby chakraveer1104Updated 3
USDINRwaiting to drop price to the level which i marked. I am investing on dollar for long term. if anyone trade on UI, this is the time for sell off. Use proper risk management. Thank you.by joelkurien2
USDINR SUPPORT AND LONG Position view, please check the USDINR position, we can short the USDINR till it don't touch 80.15, every rise is the opportunity for sell, 80.15 is the area where it can take support and that is the area for long position, big boys will defend their position here, Shortby TRADINGNASAUpdated 4417
USDINR attempting breakoutUSD INR attempting breakout from triangle pattern on 1D timeframe. Enter after bullish confirmation. Buy limited quantity and follow proper risk management as RBI can initiate selling of USD any time.Longby Khwaish5
USDINRWaiting for the price drops down up to the point which i marked. If anyone is trading this pair, you can sell (short) it now. if you are an investor, let price come down to invest more in dollar. Always use proper risk management. Thank youby joelkurien1
USDINR | Trendline Support• Let see the trendline support will make the trend continue upside or reversal downside. • If any "Daily candle" going to break "high of previous Daily candle", we can try for reversal as from trendline support with good Risk-Reward as chart showing that history had repeated many times. • Entry:- 81.917 break. (Entry should be on previous candle high break . It is possible that , it may be upcoming candle's high.) • Upside Resistances can become our targets. Targets :- 82.721 , 83.039 , 83.200 Stop Loss / SL :- 81.605 Support zone . (After breaking previous candle high , our Stoploss will be low of that candle./ whose high going to break by price. )Longby Pravins333Updated 2218
USDINR weekendpublishing herewith the pattern impact on the price using day pattern published earlier by omvats12
CURRENCY : USD INR USDINR CMP 82.65 After forming CUP HANDLE Pattern, Chart is now testing the Support Level at 82.50. If it comes back from the support level and breaks the resistance at 83.00, we may hold it for medium term as USDINR may touch 84.37 soon. CMP 82.65, Entry Level 83.10 SL: 82.90by chakraveer1104112