USDINR is showing signs of weakness after reaching the upper boundary of the rising channel on the 4H timeframe.
Price faced rejection near the resistance zone while struggling to maintain bullish momentum above the channel support area. A breakdown below the current support structure could trigger a corrective move toward the lower trendline region.
Bearish Scenario:
• Rejection from channel resistance
• Weak momentum near supply zone
• Potential move toward key trendline support
Target Zone:
TP1: 94.00
TP2: 93.80
The overall higher timeframe trend remains bullish, but short-term price action suggests a possible pullback before continuation.
Waiting for confirmation around support and resistance levels may provide a clearer directional bias.
Risk management is essential in volatile market conditions.
Price faced rejection near the resistance zone while struggling to maintain bullish momentum above the channel support area. A breakdown below the current support structure could trigger a corrective move toward the lower trendline region.
Bearish Scenario:
• Rejection from channel resistance
• Weak momentum near supply zone
• Potential move toward key trendline support
Target Zone:
TP1: 94.00
TP2: 93.80
The overall higher timeframe trend remains bullish, but short-term price action suggests a possible pullback before continuation.
Waiting for confirmation around support and resistance levels may provide a clearer directional bias.
Risk management is essential in volatile market conditions.
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📲 Join telegram channel free .
t.me/+qadmwVgSboQwMjc8
Forex, Gold & Crypto Signals with detailed analysis & get consistent results.
t.me/+qadmwVgSboQwMjc8
Gold Signal's with proper TP & SL for high profit opportunities.
t.me/+qadmwVgSboQwMjc8
Forex, Gold & Crypto Signals with detailed analysis & get consistent results.
t.me/+qadmwVgSboQwMjc8
Gold Signal's with proper TP & SL for high profit opportunities.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.