INRUSD trade ideas
USDINR Short BiasWelcome to everyone!
Today we are stick with usdinr. Price action shows a small retracement then a good drop could possible.
We never use indicators, news etc in supply and demand we just follow odds and price actions and rules of our strategy.
Happy Trading
Possible Elliot Wave Count - USDINRAs per my analysis there is a possibility that a major 5 wave rally is over in USDINR. The level to watch out for is 68.00/67.50 and if rupee successfully breaches those levels then we could see some sustained rupee appreciation over the next few months. Even a pullback to 40 will be just 50% of the entire rally !!!!
Please consult your financial advisers before taking any decisions.
Good Luck Traders !!!
USDINR Monthly Perspective . GooD FoR I.Rupee against us dollarUSDINR Monthly Perspective . GooD FoR Indian Rupee against us dollar
Long USDINR WeeklyTriangle break is impulsive with corrective retrace to 5yr support level
Min target 80 to upper channel on low risk entry with stops below pivot low at 69
The future trend of USDINRIt is bullish above 71.0500 and bearish below 68.4500 and in between is the zone to trade for little profits as per the signals. This chart has all the zones of movement. Anyone can take the help of this chart and again wait for the breakouts.
Thanks to Tradingview.com
USDINR testing 3 month long supportHi trading view members.
Thanks for interactions on my last post.
USDINR is testing 3 month long support. Looking at elections and political situation, I predict that #USDINR will oscillate in the 69 to 69.6 range.
Rebound trend expected around early End march to April.
USDINR Downtrend due to PAKINDIA war.As per fundamentals india 3 aircrafts were brought down and 1 plot is arrested by Pakistan army so the high downtred is possible due to these war conditions. ist 2 .targets will be aceived shortly and esily
#USDINR wait for the breakout, 1 week to goLooking at the political situation USDINR is forming a triangle.
I expect breakout to go LONG.
