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It seems USD-INR marked short term top, and now a corrective leg is on, need to watch closer to 55 levels, although momentum indicators are saying a corrective action in progress, prices need to break 55 for greater confirmation
Ideal first TGT should be 53.5-53 zone
Watch ADX peaking out with +DMI divergence and -DMI also cleared above its recent peak with great length, so this are signs of retracing pattern(on chart it is wrongly shown plz spare me for this one)(REad chart as red is +DMI and green -DMI)
i have a query about the uptrending trendlines as in the chart..
is it always a safe bet to buy when price touches the trendline?