USDINR - 19Apr2022
On the daily, price is bouncing higher after a triangle breakout with upside target to around 78.200, Before that could take place it has to close above 78.6% Fib retracement at around 76.758.
On the H4, price faced bearish pressure from the 1st Resistance at 76.4250 yesterday. H4 is still playing out its previous h&s pattern. If price actions close above right shoulder highs at around 76.60, we can invalidate the H4 h&s and expect upside to the daily triangle target.
Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
On the daily, price is bouncing higher after a triangle breakout with upside target to around 78.200, Before that could take place it has to close above 78.6% Fib retracement at around 76.758.
On the H4, price faced bearish pressure from the 1st Resistance at 76.4250 yesterday. H4 is still playing out its previous h&s pattern. If price actions close above right shoulder highs at around 76.60, we can invalidate the H4 h&s and expect upside to the daily triangle target.
Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.