anshrathod77

Simple Retest Breakout Trade

Short
FX_IDC:INREUR   INDIAN RUPEE / EURO
INREUR 4H TF

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INREUR has been in a sideways trend since several months and it may have finally broken out!
The Rsi has been falling since several days and is showing clear weakness.
A lower breakout was seen some candles before and is now retesting,If it is not able to break back in the upper channel a lovely short opportunity forms
A good entry can be taken now with a short term target of TGT and longer target of TGT 2,
Keep a safe SL near SL,
It seems like a promising trade!

Possible Pips-0.00015(1.5%)
RR-3.2