USDINR day chart study

13 thg 5, 2019

USDINR on day chart broke the 200 day SMA and the big broadening wedge bottom in early march 2019.
Currently it has formed a small broadening wedge.

Avoid all the opportunities to go long (as long as it trades below 200 day SMA) and look for trading opportunities only on the selling side.
I will be waiting to go short after the small broadening wedge breakdown.

13 thg 5, 2019

Ghi chú

We will consider going long only after it closes above 200 day SMA with supporting volume and wait for the right formation/pattern to show next entry, targets and risk

20 thg 5, 2019

Ghi chú

USDINR at the support now.