Thursday, June 28, 2012

USDINR - Elliott Wave Analysis

The consolidation in USDINR continues, there is a possibility of a triangle in wave {4}. In my last post we marked possibility of a the start of wave (5), but if this consolidation continues we may see a triangle or a flat in wave {4}. There is no sign of end to this up move as yet. We are on the prices to spot any change of mood. Keep your stop losses is place and let the prices take their course.

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