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Yuriy_Kuznetsov

USD/INR short: section fast transactions

Short
U.S. Dollar / Indian Rupee (FX_IDC:USDINR)  
Yuriy_Kuznetsov Updated   
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
Trend Analysis Technical Indicators USDINR usdinrshort
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trendanalysis indicator usdinr usdinrshort
Hi everyone! On the week chart USD/INR pair moves in an upside channel towards its lower bound. And also now the price overcame the important trend line down and tested it from below. Now some indicators indicate continuation of the movement down. Therefore I expect price movement down at least to two following supports (my purposes).

Short on 73.3470
TP1 = 72.76
TP2 = 72.52

Information provided is only educational and should not be used to take action in the market.
This section is intended for short-term speculation. Be ready to leave a position at any time.
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Comment:
The same on weekly chart
snapshot
Comment:
SL = 73.51
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Trade closed: stop reached
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