as the EURINR has broken through the 2 line break, hence EURINR is bullish, i.e LONG at 72.5 with stop loss being at 72.0258
the target is 73.23.
this is a very simple strategy of overlaying the 2line break chart on a candle chart, which immediately gives you the direction of the market, entry and exit.
the price action of the JPYINR has found support at 0.58106 which is the c level and now the bullish
wave is on course still it reaches D level i.e target at 0.59800. www.tradingview.com
nifty is short since nice BAT pattern completed, and bar reversal pattern formed.
target is initially 8800, as there is a support level there. www.tradingview.com
yen is short , since after XABCD pattern there has been nice up move and faced resistance at supply zone, i.e AB leg is completed now BC leg is now being formed. we shall target the C level as 0.382 of AB i.e 0.5890 , this is the target. www.tradingview.com
the price action has reversed form the demad zone at 64.261 with a target at 66.000 and stop loss at 64.000
now the bullish sentiment of the USD has subsided due to the disappointing Non farm payrolls data, we may expect rate hike in decemeber for the USD. hence JPY has enough room to increase in the meantime.
now iam in LONG position of JPYINR
