USDINR(Daily). Inverse Head and Shoulders Potential.
Not a famous pair, but a potential opportunity, nevertheless.
1.5 Year Consolidation, Inverse Head and Shoulders Pattern, at 50% retracement,
Neck_line resistance.
Price broke out from Down_Trend Line, and may be completing a potential AB=CD, short term Overbought.
Long(IF), Potential brake_out, holding above 64.0800 and retesting of the Neck_line(becoming Support) could offer a Long entry opportunity.
MACD turning up, above zero, indicating momentum increase, and ATR turning up at resistance.
Support Level at 50, 200 sma, and Uptrend_line, following through.
1.5 Year Consolidation, Inverse Head and Shoulders Pattern, at 50% retracement,
Neck_line resistance.
Price broke out from Down_Trend Line, and may be completing a potential AB=CD, short term Overbought.
Long(IF), Potential brake_out, holding above 64.0800 and retesting of the Neck_line(becoming Support) could offer a Long entry opportunity.
MACD turning up, above zero, indicating momentum increase, and ATR turning up at resistance.
Support Level at 50, 200 sma, and Uptrend_line, following through.