=> Very similar to the USDINR idea we posted, there is significant bearish divergence and the downside is unlocked for some testing.
=> Here we are playing into the 66.0988 and 65.0446 levels before anything else.
=> This is a corrective play across EM currencies, nothing more, nothing less.
It's almost clearing time for all those on the sell side... well done riding this complex correction in EM currencies.
Trade closed: target reached:
65.531 TP1 reached, well done to everyone on the sell side.