This pair is now forming a triangle after a down trend. At present Wave E is taking its shape. Wait until the Wave E to complete which is expected around 0.6800. A downside target of around 0.62000 is expected upon break below 0.66147 Watch this series for further updates and for early entry. Please refer the linked idea to know the concepts I used to find these...
Opportunity for quick bucks... Take long for target upto supply zone. Major support zone was broken so JPY yen will test this zone again before falling further. Entry at cmp Target- supply zone SL- as per your risk appetite.
JPYINR has been trending in a range since March 2020. Recently, it has been again towards the upper edge of the range channel. But this time, I am bullish biased on this pair. This is mainly because of 2 reasons: 1. There is an upward trendline which it has been respecting and rather it has just touched it again. 2. There has been a support area which it has been...
L.T.P.: 0.70500 We can go long in december future and short in january future(or vice versa). If jpyinr starts an upward journey we will book profit in the long position at 0.70900 and doubling the short position. S.L. for shorting position would be 0.71 Target for short position would be 0.70 If jpyinr starts a downward journey we will book the profit in...
Followed by a flat, Now it is a triangle. There shall be another corrective wave to the downside targeting 0.698-0.696. Red zone shall be short entry point where resistance can be expected.
Wave 4 is about to end @ 0.69829 and wave 5 to start going long to hit 0.7080 - 0.712
As published few weeks back, JPYINR is still within the same range, that it has been since last few months. It touched the lower edge and started again the upward journey. With the current structure, it probably should reach levels of 72 in next few days.
Wave X in E is in progress. Wait for pattern formation and clues for short entry
FX_IDC:JPYINR Short opportunity @ 0.692-0.694 Target: 0.684 Caution : A Bullish reversal is expected in the zone of 0.688-0.679
JPYINR has been range bound for almost 5 months now. Again, it has touched the lowed edge of the range and a critical area to plan the next action. I personally feel it would bounce up from this point and move again towards 72.00 price range.
Refer the linked idea for multi time frame analysis on 14.06.2020. This post is in continuation to it. That's the correction spotted within the channel is what I was looking for. Expected support at 0.702 Enter long upon break out of channel resistance.