Further investment from USA into indian markets to pull down the dollar
A bat pattern seem to be maturing on the last part of it's journey, from leg C to leg D. Sell from 75.948 (approx) for a R/R of 2.08% on T.P 1. Sell again from 75.948 (approx) for a R/R of 3.31% on T.P 2. Thanks & good luck in all your trading.
Monthly Chart of USDINR: As seen from the Monthly Chart of USDINR, the currency is trading in the Rising Channel pattern since 2013 to till date. In the month of April-2020 the currency has hit the Upper part of Channel around the levels of 76.50-77.00 and retraced. The currency has formed a Shooting star Candlestick pattern around the resistance levels on...
As the price action forming a bearish RSI divergence and simtanously breakout down from a consolidating pattern, indicating further weakness in Dollar and strengthening of Rupee. T1- 75 SL-77.5
USDINR is looking to complete a flat pattern. The forecast has been shown.
USDINR active till indian Budget july 2019
little bit push back like- 70.32 and 70.12
looking good for long , see triangal and buy..
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!