SolomonsView

#EURINR short trade

Short
FX_IDC:EURINR   EURO / INDIAN RUPEE
EURINR seems to have completed a upward tilting wedge , this can resolve downward, Stop level will be 88.59. look for prices to head to the bottom of the wedge
Comment: Stop level moved to 88.24
Michael @ SolomonsView

Twitter - @SolomonsView

Comments

What should be target?
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SolomonsView psyank281
@psyank281 targeting 85.5 to 86.50 i.e the beginning of the wedge as the initial target
+2 Reply
psyank281 SolomonsView
@SolomonsView, I am stuck @87.14 shorts.
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psyank281 psyank281
It has moved up
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psyank281 psyank281
Should I exit?
Reply
SolomonsView psyank281
@psyank281, Hi , I will not give specific trading advice. That is for you to manage based on your risk and capital. This trade however is still valid on the short side based on its structure. I have revised the stop now
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