Dollar A.S. / Rupee IndiaPembelian
USDINR rally ahead, consolidation seems complete. #USDINR
USDINR has been moving sideways since last Oct . It has shown no net movement in the last whole year.
The sideways move has taken the shape of an triangle and seems to have been completed . The latest upmove from the wave marked E is the first leg of the new rally. This should take the price to 84.50. A higher target is 86.30 but that will depend on the structure we see when we hit 84.50.
Interesting to note that wave C of the triangle has resolved as a triangle as well- a triangle within a triangle
This pattern will be invalid if we go below 81.65
The sideways move has taken the shape of an triangle and seems to have been completed . The latest upmove from the wave marked E is the first leg of the new rally. This should take the price to 84.50. A higher target is 86.30 but that will depend on the structure we see when we hit 84.50.
Interesting to note that wave C of the triangle has resolved as a triangle as well- a triangle within a triangle
This pattern will be invalid if we go below 81.65
Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView
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Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.