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.
Thursday, June 28, 2012
USDINR - Elliott Wave Analysis
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Dean is a fulltime trader for last 13 years. He is passionate about technical analysis. His instruments of choice are Nifty and banknifty futures and options. His main analysis and trading tools include advanced techniques like Market Profile, Voilume Spread Analysis and Order FLow Analysis. Dean is a teacher at heart and loves sharing his learnings with committed traders. You can check out his courses here...
USD INR
Categories:
Currencies,
Elliott Wave,
USD INR
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