Publishing herewith USDINR weekend pattern followup
No other trade Other than 28th March Straddle/Strangle Or Iron fly/condor. Range: 82.25-83.00, pivot at 82.75 Means: IronFly: 82.75 call & put sell, 83.00 call, 82.25 put hedge leg. Per OI: 83.00 upper, 82.50 lower. Per lot margin: ~2000
In the past times, USDINR is trying to hold its level and now we can see more rise above the levels Characteristics of Triangle pattern A pattern that has the following characteristics is more effective. + Before breaking out, prices need to touch both resistance and support levels at least twice each for the pattern to take effect. + This pattern gives a...
USDINR can be shorted here, a good strategy will be playing with put spread.
USD/INR has formed a triangle pattern. (although the last leg of triangle seems incomplete, but it is likely to happen; And we will have to follow what price says on the charts :) ) 82.9 - 83 has been resistance zone for few days now (Hrly candle close above 83 will confirm the upside move). Above 83, the move can be quite fast and target is coming to 85+ (in 1...
Publishing herewith my idea about usdinr using day time frame
USDINR - Ascending Triangle Formation is complete only waiting for the breakout. Which side breakout will happen? 1. Upside 2. Downside
From Price Action, data etc its very clear 82.50 is acting as support and 82.75 and 83 as Resistance for rest of march 2023 month...... I think before march expiry 83 will be tested at least once !!!!!!
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)
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
re-publishing herewith my "USDINR next week" idea using 1 hour time frame
republishing herewith my weekly idea about USDINR in day time frame
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:...
Two 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.
Publishing herewith my idea about USDINR using weekly time frame
Re-publishing my USDINR idea published dtd. 16.02.2023, there was a breakdown of a triangle pattern
USDINR 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 - 82.5