JPY/INR: Braced for Upward ReboundWe have two trading strategies available
1. The first approach involves simplicity: focusing solely on trading the C wave. We wait for the completion of the A wave, identify the subsequent B wave, and then use price action signals to enter the market.
2. Alternatively, we can opt for a strategy wh
Update 4-JPY/INRPrice action had given some clarity now.
Chart 1: Shows the first option, where the price is now expecting to hit 0.64500 by 19/02/2022 to 25/02/2022.
Chart 2: Shows the second option, where the price can form a B variant of C elongated triangle followed by wave C. However the targets remain the s
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.