We can see a strong uptrend is on move in USDINR since 2011 though i didn't share the entire chart with you here due to lack of space.If you've read my last article on "TRANSFORMATION OF TREND(ending or reversing)" ,you can notice where the "transformation of trend movement"took place. All lower-highs are marked as RED CIRCLE on chart & when price started trading above last lower-high swing point of the downtrend, we see a strong uptrend up there wardson & all higher-lows of the ongoing uptrend are marked with GREEN CIRCLE on chart.Currently we see that price is in retracement mode towards it's flip support level of 64 & once price reaches there, we'll dive down to lower timeframe to hunt a buy signal there so that we can join the overall bullish strength(learn – How to find a trend).
SUMMARY : READ price momentum context – RECOGNIZE the pattern going on – TRADE the pattern till it ends and to learn it all join me in my ADVANCE TRADING COURSE & trade with me real-time using higher & lower timeframe charts.
PLS NOTE : All chart analysis posted here are the author's own idea of trading for educational purpose only & not any form of advice or recommendations or opinion to anyone.
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