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amitach
Jan 12, 2022 6:27 AM

USD-INR at a critical support levelΒ Long

U.S. DOLLAR / INDIAN RUPEEICE

Description

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USD INR is at a critical support level following a long running trend-line. Expect a reversal from this level in a couple of days to find good positions to enter.

Comment

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The Hammer formed yesterday is a bullish reversal pattern, which signals that a stock is nearing bottom in a downtrend. ... The Inverted Hammer also forms in a downtrend and represents a likely trend reversal or support. Trade will be active once a confirmation candle is formed today.

Comment

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DISCLAIMER: ((trade based on your own decision ))
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Trade active

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Trade is active now

Comment

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booked partial profits and put a trailing stop loss

Trade closed: target reached

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There is still strength in dollar, however continue with a trailing stop loss.
Comments
lacharya
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Great catch
amitach
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Book profits
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