USDINR - Elliott Wave Update

by Dean Market Profile on Friday, August 31, 2012 in Currencies, Elliott Wave, Updates, USD INR

Hourly Chart

A flag like formation on USDINR can be seen on the hourly chart above. We need to break out from the above consolidation to start the wave (3) of [5] as per my preferred count. Other possible scenarios were discussed in yesterday's post.

About Dean Market Profile
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...

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Friday, August 31, 2012

USDINR - Elliott Wave Update

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