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aditya.thukral423
May 18, 2020 2:34 PM

USDINR - A short to medium term top in place Short

U.S. DOLLAR / INDIAN RUPEEICE

Description

The first leg of irregular correction has started to appear from 77.01. Now a trading opportunity is visible on price charts which can drag prices lower to:
i) 74 being 100% extension of wave A in an ideal case
ii) 73.22 being 138.2% extension of wave A in most cases
iii ) 72.70 being 161.8% extension of wave A on rare occasion

A break below 75.40 would provide the first confirmation that the move has started on the downside.
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