USDINR | Trendline Support
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• Let see the trendline support will make the trend continue upside or reversal downside.
• If any "Daily candle" going to break "high of previous Daily candle", we can try for reversal as from trendline support with good Risk-Reward as chart showing that history had repeated many times.
• Entry:- 81.917 break. (Entry should be on previous candle high break . It is possible that , it may be upcoming candle's high.)
• Upside Resistances can become our targets.
Targets :- 82.721 , 83.039 , 83.200
Stop Loss / SL :- 81.605 Support zone . (After breaking previous candle high , our Stoploss will be low of that candle./ whose high going to break by price. )
• If any "Daily candle" going to break "high of previous Daily candle", we can try for reversal as from trendline support with good Risk-Reward as chart showing that history had repeated many times.
• Entry:- 81.917 break. (Entry should be on previous candle high break . It is possible that , it may be upcoming candle's high.)
• Upside Resistances can become our targets.
Targets :- 82.721 , 83.039 , 83.200
Stop Loss / SL :- 81.605 Support zone . (After breaking previous candle high , our Stoploss will be low of that candle./ whose high going to break by price. )
Nota
Right now our entry will be above 81.629 . Although trendline broken and shown bearish sign . Still we can expect reversal until retest to trendline is not shown. Nota
We can enter in retest if it will going to break 81.629 .& will see if retest will going to extend towards 82.721 then well and good. otherwise will see to enter in bearish side.
Nota
If price will going to show downside without retest then congratulations to those who have already entered in trade for downside, for them in downside next support/target can be at 80.436.Nota
trail at 82.721Nota
2nd target done
Penafian
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