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U.S. Dollar / Indian Rupee
Long

USD-INR at a critical support level

By amitach
Updated
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
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
DISCLAIMER: ((trade based on your own decision ))
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Trade active
Trade is active now
Comment
booked partial profits and put a trailing stop loss
Trade closed: target reached
There is still strength in dollar, however continue with a trailing stop loss.
INRINRUSDLONGTrend AnalysisUSDUSDINR

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