Ankit_1618

Short Snipe at USDINR

Short
OANDA:USDINR   U.S. Dollar / Indian Rupee
Logic

Expecting a breakdown of the triangular pattern,
and a retracement towards 0.618 level of the bigger last wave AB


All Levels Mentioned On Chart

How to trade the setup?
When the chart says Long or Short at particular level, Put a Stop Order at those levels, Levels are strict
T1 : is Target 1
T2 : is Target 2

When you achieve your first target, book profits of 50%
and shift the stops to the cost

The term Catastrophe Stop, is a maximum movement of price that can happen in opposite direction of trade
so that the setup remains valid, Its basically used, to give some breathing space to the trade,
I may call for a recovery if the setup becomes invalid as the market progress.
As we all know anything can happen in the market and we should respect that
At Last, do your own analysis, before trading your money!

Get Quality Free-mium Indicators (https://bit.ly/31Lzq7z)
On Scripts Section of myProfile

About me
MS Quant Finance (University of London)
Algo Trading Certification, (University of Oxford, Säid Business School)
Electronics Engineering Background