Vikalpbothara

What's the next course for USDINR? Will it be a Breakout?

OANDA:USDINR   U.S. Dollar / Indian Rupee
The Flag pattern as seen is generally considered to be a continuation trend. So a Buy will only be triggered post breakout of the trendline.
Comment: Looks like a downward movement. I have initiated trade at 71.1075 Mar futures. Let's see how this one goes. Mar futures since the feb expiry is near and i don't think the downside tgt will be reached in coming few days.
Comment: So i closed my shorts at cost. And entered new lomgs post breaking 72.25 for the next target of 74.5.

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