the_paradox

Ascending triangle pattern | Accumulation zone

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the_paradox 已更新   
FX_IDC:USDINR   美元 / 印度盧比
Hi traders,

Ascending triangle pattern in Weekly timeframe.
The current market is at Weekly support, if a 4H candle closes above 82.1400 can expect a bulls in the market.

The risk : reward ratio is 1:3 which is a good trade.

Fed meeting is on 26 July 2023, and expected to raise the interest rates by 0.25.
交易進行:
4H candle has closed above 82.1400
評論:
CMP is 82.7750 , about to hit the target 82.8120
評論:
close the position if the 4H candle closes below 82.6400,

Reason :: If a 4H candle closes below 82.6400 the market can go down for a correction. So better to close the position and re-enter later.
交易結束:目標達成:
:-)

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