Hey Folks !
USDINR Correction did a pennant breakout instead of the Breakdown as expected in earlier post...
So, we will trade what we see in market instead of what we expect...
Now for a longer term the trend has turned bullish with a Resistance Breakout and EMA Positive Cross Over (PCO)
If you see in the above chart, we have seen similar pattern previously and
after this pennant / flag Breakout gave two targets - 1. Flag length and 2. Pole length
So, now presently, also we have same pattern breakout...
Let's bet safe and trade Bull Put Spreads for next month...
Plan Your Trade ! and Trade Your Plan !
Happy Learning !
USDINR Correction did a pennant breakout instead of the Breakdown as expected in earlier post...
So, we will trade what we see in market instead of what we expect...
Now for a longer term the trend has turned bullish with a Resistance Breakout and EMA Positive Cross Over (PCO)
If you see in the above chart, we have seen similar pattern previously and
after this pennant / flag Breakout gave two targets - 1. Flag length and 2. Pole length
So, now presently, also we have same pattern breakout...
Let's bet safe and trade Bull Put Spreads for next month...
Plan Your Trade ! and Trade Your Plan !
Happy Learning !
Trade active:
83.28 very near....
Trade closed: target reached:
made high of 83.28
trade closed in profit
trade closed in profit