USD-INR update

STOCK MARKETS 1 Minute

USD-INR is consolidating since the month of (NOVEMBER) in our last review here on 20th,OCTOBER we achieved our PATTERN objective of 83 but missed the print of 85 after testing 83 this pair went under long and lengthy corrective phase !

Going forward to come out of this consolidation (USD-INR) have to cross 83.20 on spot. Above 83.20 we will get a clean breakout which would take us towards 83.50 and 87 in near term !

Our long term objectives here is above 91, will take TIME but should eventually test that. Good part with FUTURES is we can wait till our Targets are achieved. Since we have carried longs since FEBRUARY 2022, and we would continue to carry this trade atleast till end of this year. So watch-out for 83.20 from here !

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Published by SAAHIL BELIM

MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014. I have been using Gann theory in my TRADING JOURNEY since 2016. my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS. I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses. I never had used any kind of CHARTS to identify the TREND. hens I never share CHARTS to illustrate my view. I like to keep things SHORT and to the POINt!

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