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USDPKR

USDPKR about to hyperinflate? Pakistan will default?USDPKR is closely following USDLKR before the Sri Lankan Rupee hyperinflated in April 2022. Below USDLKR can be seen creating a pattern in 2020 and 2021 very similar to what FX_IDC:USDPKR has been doing in the last year. Here is what happened after Sri Lanka defaulted, and FX_IDC:USDLKR went from 200 to 360 in a matter of days Given the above fractals, is it possible that Pakistan can defailt soon? If it does and it follows through on the pattern, USDPKR can jump from from the 280s to the high 400s very quickly.
Long
by Sikbh
1
Week 9 assignment (EXHIBIT A) for USDPKR by PROSHERIFFUSDPKR LONG LONG BIAS DOW THEORY: LONG DIVERGENCE: LONG TREND LINE: LONG PARALLEL CHANNEL: LONG SHORT BIAS CANDLES: SHORT FIBONACCI: SHORT (TGT 0.5) PLAN 1 1. Wait for bullish candles at 215.00 2. If it confirms then take a long position. 3. TP = 226.00 4. SL = Fib 0.5 lvl (210.00). PLAN 2 1. If the trend line breaks at 215.00 then wait for bullish signals at 210.00. 2. If bullish signals are significant then take long above 210.00. 3. TP = Fib lvl 0.382 (217.00) 4. SL = Fib lvl 0.618 (204.00)
Long
by Prosheriff