DOLLAR VS INR daily CHARTS
trading in a contracting(converging) triangle pattern
as of now the breakout from triangle pattern are at near 5500 and 5360 levels
very near to a breakout from upper trendline(if it happens)
its also foming an inverted head and shoulder pattern
generally the trgt price of contracting triangle is breakout pt +/- height of triangle
if breakout happens then dollar/inr trgt can be either 65 or 44
trading in a contracting(converging) triangle pattern
as of now the breakout from triangle pattern are at near 5500 and 5360 levels
very near to a breakout from upper trendline(if it happens)
its also foming an inverted head and shoulder pattern
generally the trgt price of contracting triangle is breakout pt +/- height of triangle
if breakout happens then dollar/inr trgt can be either 65 or 44
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