$INREURtime to swap your euros to INR last capitulation wick chop there for a bit reclaim previous range low resume uptrend after 2007 unless the Indian goverment wants to keep it low tbcLongby CompoundingGain0
Today EURINR as per chart.hello, As per chart of EURINR, support & resistance mark on chart, wait for breakout. As per my analysis & as per tool show downtrend. below target are markShortby ATHARVINVESTMENT0031
Today EURINR Market level mark.Hello, As per chart of EURINR, downside support 90.1042 / 89.9236 & Resistance mark 90.5715 /90.7279, Black line mark as Pivot line.90.3285. as per my Analysis, first half downside for support level but overall market bullish Longby ATHARVINVESTMENT0030
Today EURINR level mark on charthello, /11 Today EURINR level mark, as per chart downside support is 90.2205 /90.2184/90.1155/89.8515/89.7490 & upside resistance 90.4882 /90.5779 wait for break out.Shortby ATHARVINVESTMENT003Updated 1
Today EURINR level as per charthello, Today EURINR upside resistance 90.3273 / 3285 /3650 /4202 & downside support is 90.2380/ 2118.Longby ATHARVINVESTMENT0031
EURINR LongHi All, EURINR now made big support on chart, we can long from here small quantity target mentioned by arrow. Thanks, Longby minters6
Redlight Greenlight that finds out two candles (red and green) and marks the high and low when the third candle breaks high immediately buy and when the third candle breaks the low then immediately sellby anu2002kundu114
#EURINR#EURINR perfectly obeying downtrend line. This no chance for reversal unless trend line broken decisively.Shortby SBPraveenUpdated 226
The EURINR pair Wave Analysis is in the Monthly impulse patternThe price pair is now trading in wave 4 Flat pattern....Longby TradeMagic005334
#EURUSD it's possible to buy#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 0.98504 Next Zone area & horizontal swing Low support 1st Resistance 1.08609 Zone area & horizontal swing high resistance Longby Skandhatrade0
Short in EURINRThis pair is likely bounce back to its support line. I'm shorting at this level with set stoploss. Shortby Prasad_Don0
EURINR - THE BIG SHORT ?FX_IDC:EURINR Is on a constant downtrend from last year. Based on the Moving Averages analysis on MTF, it looks like a good time to go SHORT. TGT - 82.12, 2nd TGT - 80.3 STOPLOSS ABOVE 83.67 Shortby simplyansh0
So it's very likely move upIt's has been confirmed on EURUSD, that pair will more upward for few trading sessions. We could expect the same with this pair as USDINR will remain rangebound. Follow for staying up-to-date.Longby Prasad_Don110
Update 17-EUR/INRChart 1 - I would not prefer to enter short if the price breaks below 82.0803 because the present move lacks momentum to downside. It seems to be a corrective move to the previous upward move. I would wait and watch the market for clues on building momentum to the downside. What to expect? Chart 2 - Possible moves are depicted as follows to wait and watch There should be a conclusion in trend by 21 or 22 April 2022. To catch the entry earlier, track the wave C for a 5 wave motive move to the upside. Spot wave 5 and enter short upon the price break below wave 4 of wave C. Keep watching this space for further updates on trading and managing the trade. To understand the concepts behind my analysis please checkout the linked idea. Happy trading :) Disclaimer: Validate with your analysis before trading. This post is not a trading advise but a product of personal research and analysisby Hari-Ram-Kumar222
Running triangle and Leading DiagonalsTriangles are corrective patterns and diagonals are motive patterns. Upon completing a triangular pattern the trend resumes. Ending diagonal marks the end of a major wave or a trend and signals upcoming trend reversal or major correction. Leading diagonal marks the start of a major wave or a trend after a major correction or reversal to previous trend. After a leading diagonal, a short correction can be expected before the trend resumes in the direction of leading diagonal. In the previous post, the comparison is between running triangle and ending diagonals. This post compares running triangle and leading diagonals. Chart1: Running triangle and leaning diagonal in uptrend As mentioned the comparison is in an uptrend. Accordingly upward move is termed as directional move and move to the downside is termed as non-directional. A running triangle has non-directional momentum ie faster moves to the downside (wave A, C and E) than the upward moves (Waves B and D). These non-directional moves donot retrace the previous move completely. On the contrary, Leading diagonal has directional momentum ie faster moves to the upside (waves 1, 3 and 5) in the direction of trend and these upward moves completely retrace the previous non-directional corrective moves (wave 2 and 4). Chart2: Running triangle and leading diagonal in downtrend As mentioned the comparison is in a downtrend. Accordingly downward move is termed as directional move and move to the upside is termed as non-directional. A running triangle has non-directional momentum ie faster moves to the upside (wave A, C and E) than the downward moves (Waves B and D). These non-directional moves donot retrace the previous move completely. On the contrary, Leading diagonal has directional momentum ie faster moves to the downside (waves 1, 3 and 5) in the direction of trend and these downward moves completely retrace the previous non-directional corrective moves (wave 2 and 4).Educationby Hari-Ram-Kumar1
Update 14-EUR/INRYo! it's a long time since the last update. So what has happened mean while. Chart 1: Price action resolved into a flat and had continued lower So what's next. Chart 2: Expect price to hit 81.4856 before on or before 22 April 2022 Chart 3: Price is under consolidation in 1H chart. Expect the consolidation to end during 14 April 2022 to 15 April 2022 when the price approaches the resistance zone 83.05-83.15 Trade setup: Position : Short Trading timeframe: 1H chart Entry : 83.05-83.15 (based on validation with a bearish candle) Stop loss : 83.77 Target 1 : 81.4856 Target 2 : 80.3217 ( if price breaks below 81.1737 with high momentum before 19 April 2022) Target date : 22 April 2022 +/- 1 day Keep watching this space for further updates on trading and managing the trade. To understand the concepts behind my analysis please checkout the linked idea. Happy trading :) Disclaimer: Validate with your analysis before trading. This post is not a trading advise but a product of personal research and analysisShortby Hari-Ram-KumarUpdated 0
EUR/INR Price AnalysisDue to Geopolitical tensions, the value of the Euro is expected to rise in comparison to INR. The currency pair has broken out and is looking to retest before continuing with the up move. So It would be a good idea to enter in a retest and expect a reversal rally. 200 EMA also acts as a firm dynamic support. Supports are marked in Green and Resistances in Red. In case of breakdown, we can expect the pair to dip towards the 77 mark. Forex Trading Positions betting on currency value depreciation can also act as a Hedge for Long Positions in Indian Equity Swing Trading. So it would be a good idea to go long on Retest and wait for the pair to break out of the smaller triangle pattern. Long @ 82.55 Stop Loss @ 80.05 Target @ 87.55 Risk Reward Ratio 2:1 Selling Put Options near the Support Options with Hedge could also be a good strategy. Note: Views are personal, Not Responsible for P & L. DYOR before trading/Investing. by tradewidmufeeth3
rupie strenth???possible breakthrough strategy 80 is a zone where in the past this exchange has been confortableby warrenbuffettdemicasa0
Update 13-EUR/INRYo!! the price broke below 85.2494 but late beyond 15/02/2022 forming a diagonal wave A or 1. The break was followed by a consolidation forming a triangle wave B or 2. Triangle consolidation was followed by wave C or 3. Chart 1 shows the patterns. Chart 1: What to expect now? In wave C or 3, minor waves 1 and 2 are over, wave 3 is in progress and might be over if it breaks above 84.6010. Expect wave 4 to move up to 84.80 and wait until 21/02/2022 12:30 (Indian Standard Time) to identify the pattern to take the next move in wave 5. For sure, I shall not be in a position to update it by 21/02/2022 12:30 (Indian Standard Time) on the pattern, but will try. But right now I have already positioned short at 85.2269 and waiting to hit the target 84.43. If the price breaks below 84.4271 before 21/02/2022 20:30 (Indian Standard Time) then the momentum of the current move to the downside labelled as wave C or 3 shall be higher than wave A or 1. This momentum shall indicate further downside move after a consolidation. Lets wait and see. Keep watching this space for further updates on trading and managing the trade. To understand the concepts behind my analysis please checkout the linked idea. Happy trading :)Shortby Hari-Ram-Kumar220
Update 12-EUR/INRChart 1: What is going on with this pair after wave X in Chart 1? I really have no clue but could guess the following patterns. Option 1: - Chart 2 If the price does not break above 86.5568 on or before 1/03/2022, then this could be a triangle which forms Major Wave Y. If the price breaks above 86.5568 on or before 01/03/2022 the this could be a flat correction to wave A as shown in Chart 3. Flat correction shall be targeting 86.5568 to 87.00 Chart 3: 1H chart analysis: Chart 4: Price had reversed the downward momentum in lower time frame and had progressed upwards in a 5 wave move. Chart 5: If the price move below 85.2494 before 15/02/2022 1:30 (IST) then expect a correction to the 5 wave upward move. This correction could target 84.8707. Trade setup: At present there is no trade setup until the price had broken above 86.5568 before 01/03/2022 or below 85.2494 before 15/02/2022. Wait and watch. Keep watching this space for further updates on trading and managing the trade. To understand the concepts behind my analysis please checkout the linked idea. Happy trading :)by Hari-Ram-Kumar0
EURINRJust below trendline If it comes back to support area then it will be a good buy This is just my view and not recommendationby santoshojas0
Update 11-EUR/INROption 4 (chart 4) in Update 10-EUR/INR was misinterpreted or I missed to notice the trade opportunity in this chart. However a lesson learnt without any loss. But finally the price action in "wave B or 2" resolved into a C elongated ascending triangle. Now Wace "C or 3" is in progress. Refer Chart 1 below for details: Chart 1: Now my duty is 1. To spot wave 4 correction to trade wave 5 or 2. Spot a reversal or trend change. However, the trade setup mentioned in linked idea Update 9-EUR/INR had worked out and target had hit. I missed the trade and hence now I stay neutral until I spot either correction or reversal. Never the less a lesson learnt to spot / predict the variants of triangles (refer linked idea for variants in triangle). Keep watching this space for further updates on trading and managing the trade. To understand the concepts behind my analysis please checkout the linked idea. Happy trading :)by Hari-Ram-Kumar220