BLUE43

USDINR - WHAT NEXT (caution)

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
98 0 16
After a very predictable pullback on extension zone we have

1) a massive divergence on 8h frame
2) a stop falling on the 0.618 fibs
3) just under the 0.5 fibs of the initial extension move

some support zone in think.

Maybe some pullback from here can happen watching closely
Trade your plan - if you dont have any, avoid to trade - stay safe

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(Warning. I am a private trader. I don't sell any signals, equipment or other sources of learning about forex. I am here to share ideas based on technical analysis to improve my ownForex practice. Trading forex is dangerous and can result in significant financial losses. So I am not responsible when the results of the positions to be taken on the basis of my charts since these constitute no basic signals but simply my own market analysis. As i always says, trade your plan and if you don't have any, avoid trading.)
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