Short
USD/INR LOOKS BEARISH!
Hi,
Currency pair as mentioned in subject, if one looks at weekly price pattern it is bearish (after checking last swing high price moved further & it is confirmed by bearish candle)
Now if you look at 4 H TF, it looks like price is rush to check last swing high, might come down after checking same.
Now, if one look at 1 H TF, stock forming head & shoulder pattern, here also, stock might check latest resistance before moving further..(confirmation required before taking shot entry)
Thanks for reading!
Currency pair as mentioned in subject, if one looks at weekly price pattern it is bearish (after checking last swing high price moved further & it is confirmed by bearish candle)
Now if you look at 4 H TF, it looks like price is rush to check last swing high, might come down after checking same.
Now, if one look at 1 H TF, stock forming head & shoulder pattern, here also, stock might check latest resistance before moving further..(confirmation required before taking shot entry)
Thanks for reading!
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.