EURO / INDIAN RUPEEShort
Update 14-EUR/INR
Updated
Yo! it's a long time since the last update. So what has happened mean while.
Chart 1: Price action resolved into a flat and had continued lower
So what's next.
Chart 2: Expect price to hit 81.4856 before on or before 22 April 2022
Chart 3: Price is under consolidation in 1H chart. Expect the consolidation to end during 14 April 2022 to 15 April 2022 when the price approaches the resistance zone 83.05-83.15
Trade setup:
Position : Short
Trading timeframe: 1H chart
Entry : 83.05-83.15 (based on validation with a bearish candle)
Stop loss : 83.77
Target 1 : 81.4856
Target 2 : 80.3217 ( if price breaks below 81.1737 with high momentum before 19 April 2022)
Target date : 22 April 2022 +/- 1 day
Keep watching this space for further updates on trading and managing the trade.
To understand the concepts behind my analysis please checkout the linked idea. Happy trading :)
Disclaimer: Validate with your analysis before trading. This post is not a trading advise but a product of personal research and analysis
Chart 1: Price action resolved into a flat and had continued lower
So what's next.
Chart 2: Expect price to hit 81.4856 before on or before 22 April 2022
Chart 3: Price is under consolidation in 1H chart. Expect the consolidation to end during 14 April 2022 to 15 April 2022 when the price approaches the resistance zone 83.05-83.15
Trade setup:
Position : Short
Trading timeframe: 1H chart
Entry : 83.05-83.15 (based on validation with a bearish candle)
Stop loss : 83.77
Target 1 : 81.4856
Target 2 : 80.3217 ( if price breaks below 81.1737 with high momentum before 19 April 2022)
Target date : 22 April 2022 +/- 1 day
Keep watching this space for further updates on trading and managing the trade.
To understand the concepts behind my analysis please checkout the linked idea. Happy trading :)
Disclaimer: Validate with your analysis before trading. This post is not a trading advise but a product of personal research and analysis
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