Friday, April 19, 2013

>USDINR Target

Hi friends,
                   USDINR has been in the range of 53 to 55.50 for many weeks now
When i breakdown the waves i see a lot of abc's around which indeed suggest of a rangebound
move to continue for some more time .
Trade idea can be  buy near 53.50 target would be 55.50-56
once we near 56 a short can be taken for a target of 53 again suggesting a lot of sideways move
coming forward.
Once we go below 53 or go above 56 we can rework the wave count.Lets see the USDINR move in coming days.


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