NeelamN

USDINR View 27 Aug 2021

Short
OANDA:USDINR   U.S. Dollar / Indian Rupee
USDINR in a downtrend channel still as published previously.

Now it is also showing Head and Shoulder pattern if breaks the neckline will give good targets similar to the length from top of head to neckline.

If it fails to break down, then sideways view continued till it breaks upside.

Will look for price action tomorrow and take position of bear call spread if it favors my view.

Happy Trading !!!
Comment: Target 1 achieved
Trade active: Target 2 achieved