A very interesting pattern is formed in USDINR. H&S and also a double bottom.
waiting for pair to provide additional information so as to enter in this trade.
Still pair looks bullish, as it respecting weekly TL.
Only to enter if it closes above last swing high or low.
Price taking support on daily 200 days MA and consolidation after box breakout, provides some indication of bullishness of pattern. However, trade shall only be triggered on breakout of upper channel boundary.
Starting from weekly TF, pair has broken and retested descending triangle pattern
Again descending triangle pattern making lower multiple lower high on smaller time frame indicates weakness of $.
Its always good to enter on lower time frame (4H).