EURINR Analysis 10.04.2020

Apr 10, 2020

EURINR
1M chart below shows that the price action is contained within the disjoint channel and major support and resistance areas


1W chart below indicates that recently the price was rejected when it tested the resistance at 84.3 and is under consolidation. Any close above the this resistance in 1W timeframe shall be bullish signal.


1D chart below implies that the price action is forming a triangle pattern.

Daily close above the triangle pattern shall test 84 to 84.3
Daily close below the triganle pattern shall target 80.7

Comments and debats are welcomed

Apr 14, 2020

Note

Price rejected at resistance yesterday. Wait for today's candle to close.

Apr 17, 2020

Trade active

Position: Short
Reason: No buy momentum even above the triangle, uptrend line invalidated, and now the momentum is towards selling.

Apr 17, 2020

Note

Last update was a premature entry. Not to be considered. Recommended to exit