will be an interesting trde.. My expectation is a breakdown from the triangle will occur then a true breakout In a totallu=y diff scene a stright up breakout may happen also..Will decide the entry , the take profit regions are market sin green..
now undergoing correction subwave 2 of microwave 5.go long at 0.6109, s/l at 0.6100& target at 0.6197
In the graph we can appreciate 5 bounces on the resistance on a sideway movement, the rupture should come with a lot of strength.
JPY / INR market about to complete the BEARISH CYPHER in 60 MIN, So ENTER SHORT only @ 0.58275 with SL 0.58550 TARGETS 1) 0.58045 2) 0.58040 3) 0.57900 4) 0.57345 For further Targets we can trail our SL GOOD LUCK
I think we will see a sharp rally here once the lows are retested to complete the C wave of the corrective structure. I would watch for a reversal once the previous lows are retested. Short term up, Long time, Down trend still in tact. There's divergence on the Daily time frame, too
the price action of the JPYINR has found support at 0.58106 which is the c level and now the bullish wave is on course still it reaches D level i.e target at 0.59800. www.tradingview.com
low close doji formed on the chart indicating Bearish pressure subsequent to the US non farm pay rolls data yesterday. expect a steep decline. ecline.
yen is short , since after XABCD pattern there has been nice up move and faced resistance at supply zone, i.e AB leg is completed now BC leg is now being formed. we shall target the C level as 0.382 of AB i.e 0.5890 , this is the target. www.tradingview.com
Hello everyone here we have a setup based on structure. Wait for price to breakdown the ascending channel and look to short till the 0.5794 area. Stop loss would be above the high after breakdown of the channel
the price action has reversed form the demad zone at 64.261 with a target at 66.000 and stop loss at 64.000 now the bullish sentiment of the USD has subsided due to the disappointing Non farm payrolls data, we may expect rate hike in decemeber for the USD. hence JPY has enough room to increase in the meantime. now iam in LONG position of JPYINR
Short JPYINR in 67.3-67.6 range with a SL of 67.8. First target will be 65.3 and second medium-term target is 62.5.
INR GETTING STRONGER FOR WHILE AND IT LOOKS LIKE YEN CAN 0.52619 BEFORE GOING UP. CYPHER PATTERN COMPLETION IS A GOOD TIME TO BUY YEN. BUT CURRENTLY SHORT IT FOR A WEEK. RISK REWARD: 1:1