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...