USDINR: Change in wave counts but not the view

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USDINR Fut Contract (Jan)


In my previous update I had mentioned that USDINR will move till 73-73.5, however, it reversed from the supply zone of 72.5-72.8 levels. This is an indication that a range bound move is on its way. Recently it bounced from the support of the range and I also think that it could be a completion of complex correction pattern. (w-x-y-x-z).

I have to change my wave counts but my view is as usual bullish which can soar prices near till 73-73.5 in near to medium term. Learn Elliott Wave and Neo Wave in 4 days for the cost of 10500/- Rs or $155 for inquiry and registration contact +919324174580. Classroom training and webinar both are available.

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