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PriceActionTrader1

USDINR - short term bullish setup

Long
U.S. Dollar / Indian Rupee (FX_IDC:USDINR)  
PriceActionTrader1 Updated   
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
Trend Analysis Harmonic Patterns
2
12
trendanalysis harmonicpatterns
USDINR is forming a bat harmonic PRZ pattern. It just broke above point B level and activated the pattern. PRZ(Price Reversal Zone) level would be at 88.6% retracement of XA which is 95.4597.
Comment:
Target is hit. Let's see if it reverses from here or continue going up. Next target would be for Alternative Bat PRZ (113% extension) at 75.90.
Comment:
Target#2 is nearly hit. It reversed from 75.84.
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