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| 4 Hourly Chart |
USDINR as pointed out in our last post
is still indecisive, more than a couple of possibilities exists, but
the range has now narrowed down to between, 55.92-55.065. A break below
the 55.065 level should be good for equities, and conversely a break
above the 55.92 levels may suggest some weakness.
An
interesting thing to note here is that below 55.065 levels, the
possibility of a triangle in wave [4] takes a backseat, it will be
postponed to say the least. But if we move up without violating 55.065
and break above the 55.92 levels, the up trend is almost confirmed. If
the up move persists after breaking out from 55.92 level, we may even
see prices reaching 58-60 range.
2 comments:
why do you keep on posting when a wave count or direction is not clear.
kindly post only when counts and directions are clear providing low risk trading oppurtunity.dont occupy whole space.we are missing others posts with clear counts
@nath
Its really difficult to understand "uncertainty", let alone embrace it. But that's alright, uncertainty is not everyone's cup of tea. But I would still say I did not intend to cause anyone trouble!
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