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USDINR 25 Mar Expiry view

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Hi Folks !
USDINR is now seen in a crucial level near 76
* It has retraced only 38% from recent dip
* Retest done at previous breakdown level which was also a support level earlier
* Price also can be seen moving in a downtrend channel and now is at the upper level, having room to move downwards till the lower level
* Chart pattern : If we look at this retracement as flag, we can also say that it is a flag Breakdown and may also give flag target which is 75
* Indicators : RSI & Stochastic also supporting the Bearish View analyzed with points observed and mentioned above

Contra View : If this takes a support at immediate support level 75.5 and makes a double bottom ( reversal sign )
then wait for Break out of 76 to get a target of 76.657
No trading zone - 76 to 75.5 [ may remain in range also ]

Strategy recommendation : Bear Call Spread

Plan your Trade ! Trade your Plan !
手動結束交易
trailing SL hit for the bought CE (booked double profit on investment)
Chart PatternsTechnical IndicatorsshortshortsetupTrend AnalysisusdinUSDINR

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