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PriceActionTrader1

USDINR Technical Analysis

U.S. Dollar / Indian Rupee (FX_IDC:USDINR)  
PriceActionTrader1 Updated   
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
Harmonic Patterns Deep Crab deepcrabpatterns
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harmonicpatterns deepcrab deepcrabpatterns
USDINR could form Deep Crab harmonic pattern if the price would cross point B (75.026) level. The PRZ (price reversal zone) would be around point D (77.33). One can ride the trend till D once It breaks B level or One can play the reversal once it reaches D.
Comment:
It reached the B point and pulled back. Let's see if it crossed point B.
Comment:
This is going as intended. Trying to break level B again. Let's see if it holds it above B. If it does, Deep Crab will be activated.
Comment:
It held above B and now ready to reach level X. Going as intended.
Comment:
It faced a strong resistance at 75.53 and retraced back to 74.98 which is a previous resistance. Let's see if it can hold this level and create a support.
Comment:
This is on track. It is moving towards target (77.33).
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