Hi Folks!
USDINR gave a bearish Momentum lately, now it seems to be stuck in a range.
Bollinger bands are also flat with 75.25 and 74.75 as resistance and support.
It may make a rangebound flag as per Price action.
To make value out of this range, we may consider doing a straddle / strangle Or may go for our usual bear call spread as direction is still bearish.
Safer to sell calls and hedge them.
Plan your trade! Trade your plan!
Happy Trading !!!
USDINR gave a bearish Momentum lately, now it seems to be stuck in a range.
Bollinger bands are also flat with 75.25 and 74.75 as resistance and support.
It may make a rangebound flag as per Price action.
To make value out of this range, we may consider doing a straddle / strangle Or may go for our usual bear call spread as direction is still bearish.
Safer to sell calls and hedge them.
Plan your trade! Trade your plan!
Happy Trading !!!
Trade active:
Bear Call Spread working...
Although if someone has done the strangle may have had to close put Sold position.
Although if someone has done the strangle may have had to close put Sold position.