Dollar américain / Roupie indienneMis à jour What's the next move ?
The CMP(current market price) is at weekly resistance zone.
Below scenarios can happen:
1. Bear :: If a daily candle closes below 82.5920, advisable not to enter the market as the triangle is about to converge leading to triangle breakout & also the Risk: Reward ratio would be small.
2. Bull :: If a weekly closes above 83.2850, this is a ascending triangle breakout. The target for the weekly breakout will be 86.7317. This target will take time to reach.
Best advisable to add 1 or 2 lots in far out of the expiry(like 3 or 6 months far expiry after the breakout)
Below scenarios can happen:
1. Bear :: If a daily candle closes below 82.5920, advisable not to enter the market as the triangle is about to converge leading to triangle breakout & also the Risk: Reward ratio would be small.
2. Bull :: If a weekly closes above 83.2850, this is a ascending triangle breakout. The target for the weekly breakout will be 86.7317. This target will take time to reach.
Best advisable to add 1 or 2 lots in far out of the expiry(like 3 or 6 months far expiry after the breakout)
Note
Market broker below 82.5920 in daily. Weekly resistance is unable to break.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.