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rjoshicool
Jan 2, 2023 10:16 AM

USDINR stuck in range and waiting for a breakout 

U.S. DOLLAR / INDIAN RUPEEICE

Description

USDINR is stuck in a range for last few weeks. Both price and RSI are oscillating in a narrow range. This price action would lead to sharp one-sided move on a successful breakout.
On downside, the target is around 81.90 and on the upside the target is around 83.30

Trade closed: target reached

Target of 81.90 achieved on the downside, after the price and RSI broke the consolidation region.
Comments
polymathtamil1
Correct 💯
JoeChampion
Nice!
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