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Indicator for usd/inr trading

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chinmay555
12
chinmay555  

Respected all

from last 3/4 months i am trading with usd/inr , anybody know which indicator or trading stratagy is helpful

regards

chinmay

Shawn Michal
437
Shawn Michal  

I think Indicator, a trend-following tool, a trend-confirmation tool, an overbought/oversold tool and a profit-taking tool are helpful. By learning a variety of forex indicators, you can determine suitable strategies for choosing profitable times to back a given currency pair.

jb1981
81
jb1981  

Moving averages are known to work best across most of the markets so you could start with that. By the way, which broker allows you to trade USDINR? Curious to know. I trade using Wolfe Waves and could possibly check to see how this pair is doing. Let me know if interested, I'll download the broker's MT4 and give it a go.

chinmay555
12
chinmay555  

Respected sir.

thanks for reply

i am interested in wolf wave, but i want to trade with 5 /15 min time frame with buy sell can u tell me which stratgy can i use USD/INR pair

my e mail id---chinmaychukare555 at the rate gmail.com

pls understand my english is poor.

Warm Regards

chinmay

jb1981
81
jb1981  

Well, I can tell you this. 55.176 is a strong resistance. Right now all indicators point to a drop in the INR. If I were to trade, the first target price would be 54.783, followed by 54.539. Or you could wait until 54.783 is breached and then place a SELL Limit few pips below this with take profit at 54.539. Your stop loss would be 54.9.

Hope this helps.

P.S: This isn't a M5 or M15 strategy, but is on the H4 charts. So you might have to keep the trade open for 2 - 3 days.

chinmay555
12
chinmay555  
jb1981:
moving averages are known to work best across most of the markets so you could start with that. By the way, which broker allows you to trade usdinr? Curious to know. I trade using wolfe waves and could possibly check to see how this pair is doing. Let me know if interested, i'll download the broker's mt4 and give it a go.

RESPECTED SIR,

BLOG IS VERY NICE...

where can i get wolfwave indicator ?

Or how can u download broker's mt4 ?

Warm regards

chinamy

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