tested resistance now looking bearish now you can short usd inr
USDINR has reached it's upper range where it has faced resistance several times as visible on charts. Avoid fresh longs here and an aggressive could also take a short position here with very small stop loss. RSI is also facing resistance near 72 which is again negative sign. Although, USDINR could make some fall but, that is always good for the market and...
FX_IDC:USDINR Head and shoulder pattern at 4 hours; volume decreasing; we can see a big fall till Monday what do you think? comment
Breakout In USDINR - Rising dollar value against Indian rupee is leading to further decline in Nifty 50 Index. If you think deeply about this, you can see it’s an Indication of FII squaring off or liquidating their holdings from Indian markets. When FII want to invest in Indian markets; they’ve to convert USD to INR, which would cause the Dollar value to...
77 coming s0on very comfortably.... Trading levels Plotted.... Happy Trading.... Like... Share... Follow...
All time high is the most important brackout this is the strong pattern before the brackout the prie make in the Rounding Pattern What is Your Target
The chart is self explanatory. It is taking support from the bottom , making a wedge pattern . This is not an trading idea . Just for education Happy trading
#USDINR spot pair formed a Rally-Base-Rally pattern on a daily chart. Fundamentals also support the current bull trend. #Rising Interest rates #Increase in India's trade deficit. #Current economic conserns.
Anytime fall in the USDINR FX_IDC:USDINR What do you think?
FX_IDC:USDINR chart showing evening star forming at 4 hours. INR might appreciate tomorrow.
USD/INR has given a upper channel breakout and is looking good after consolidation for months. NOTE - THIS IS JUST FOR EDUCATIONAL PURPOSE. TRADE ON YOUR OWN RISK
It is getting interesting in USD INR... the price continues to grind up while well into a strong supply zone.
1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula: - Stop Loss Amount/ (Buy Price-Initial Stop Loss Price) 4. sell 50% of your position on ADX cross of 40, keep the other half and trail the stop with Supertrend indicator or any other indicator of your liking. After a consolidation sale March 2020, ...
USDINR 13 May Expiry view Looking at Price action, it has shown a clear BO of Inverted Head and Shoulder with good volume. Next Target can be next resistance or 77.160 if breaks this too then ATH-all time high level 77.416 (round to 77.5) May Sell 76.5 PE and buy 76.25 PE for hedging ( execute this when you get a dip, view - buy the dips ) Plan Your Trade and...
Price is now staying put at the 76.45 zone and the probability of it moving up is more unless Sellers quickly take the initiative from the Buyers.
If either side can go then it will not be right to trade at present let the Market go in any direction first then trade will be made
Currently visible half bat pattern in USDINR possibility high market was goes down on this situation so don't long position
Weekly update - price consolidating / spending time around the supply zone at 76.20. Quite likely, the consolidation might continue in the short-term.