USDINR By KRS Charts
Atualizado
Date: 3rd July 2024
Time: 7:40 PM
Why USDINR?
1. Everyone know INR is getting weaker against USD day by day, and same thing happened here since Oct 2022 but inside Rising Wedge Pattern in Weekly TF.
2. In Bigger view This Rising Wedge Pattern has formed around resistance line off Bigger Flag in Monthly TF. (Red Doted Line)
3. This pattern can either Breakout or Breakdown any side but after considering above both points its likely to Breakdown rather than Breakout till green dotted support line.
Currencies movements are on many Factors so Thats my view on USDINR is Slightly more bearish than Bullish.
But I will appreciate your views on this too, what you guys are thinking?
Time: 7:40 PM
Why USDINR?
1. Everyone know INR is getting weaker against USD day by day, and same thing happened here since Oct 2022 but inside Rising Wedge Pattern in Weekly TF.
2. In Bigger view This Rising Wedge Pattern has formed around resistance line off Bigger Flag in Monthly TF. (Red Doted Line)
3. This pattern can either Breakout or Breakdown any side but after considering above both points its likely to Breakdown rather than Breakout till green dotted support line.
Currencies movements are on many Factors so Thats my view on USDINR is Slightly more bearish than Bullish.
But I will appreciate your views on this too, what you guys are thinking?
Nota
Broke Resistance
Let see the Closing D and W
Nota
Just Noticed!!!
In 1D TF, Its Bearish Harami Candle Stick Pattern is visible.
Showing Bearish traits on Resistance.
Nota
Seems like Fake Breakout from long term Resistance
and
Re-Entering inside Flag Pattern.
After Bearish Harami Candle Stick Pattern on Top (1D)
Trade ativo
Bigger TF Resistance Standing Strong 💪
High of Bearish Harami candle is Still not Broken in 1D TF. 🚩
Correction may Start, Watchful on This ❗
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