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.
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.