anshrathod77

Simple Retest Breakout Trade

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

*IF YOUD LIKE TO WORK WITH ME FEEL FREE TO MESSAGE ME!

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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.