Trend: Uptrend. Trade : Long Stop loss: 0.6870 Target 1: 0.72177. Target 2: Upon 1W close above 0.72177, Hold until reversal pattern is formed. Remarks: Recently price had broke above the triangle correction pattern. Please support with your agreements and disagreements. Please comment and I am open for discussions. Thank you Friends
FX_IDC:JPYINR Trade setup Time frame: 1H Position : Short Entry: upon 1H close below the correction support Target: Between 0.68 and 0.675 Stop loss: 0.695
FX_IDC:JPYINR Breaking below the 5 week support, price action validated the down trend line. It continued to drive below the low of April 2020, which invalidated the expectation of support at disjoint angle. Trend is bearish until the price offers further clues on reversal. However not to be in a hurry to catch the running market. Lets wait for the price to...
Wedge breakout and retest done. Target 0.67+ Lower channel trendline should act as strong support in case any pullback is seen
Stiff resistance near 0.6670 zone. Expecting levels of 0.6480 with stop loss above 0.66.80.
The pair seems to be in a 60 min consolidation. Once this consolidation is done and the pattern is completed, it could move Upwards to retest the previous highs. I wouldn't go short at this point but I wouldn't buy either- before the consolidation is done.
JPYINR Trades Analysis using Blue Sky Plus Indicator. Message to get a free trial of the indicator.
FX_IDC:JPYINR BUY JPYINR STOP LOSS AS SHOWN IN CHART TARGET: UNTIL A LOWER LOW SPOTTED IN D1 CHART
FX_IDC:JPYINR Enter short and hold until a green HA candle in daily chart
ugly head and shoulder on $jpyinr pair.There could be a 25% move.
there was a break down in trend channel @ 0.6127 area here bearish trend is conformed.now correction is on the way in subwave ii/minuettewave iii. since it is the second wave we may expect a sharp bounce to fib levels of 0.618-0.786 . sell at these levels with s/l above 0.6162 & initial target of 0.6130
As the sharp correction took support @ 0.6044 the next pattern is the last impulse in the sequence.subwave v is undergoing extension within extension.go long at every dips,exit all long positions at 0.6249 area,there is a high probablity of market reversing back to the support area of 0.6150.
pattern-regular flat (a-b-c ) was a sharp correction,took support@ 0.6044.Go long at every dips.target-0.6180
elliott double combo wave formation. wave w - flat. subwave (5)- ending diagonal so wave x (bull trap) can travel upto start of wave (4) 0.6150-0.6160