NeelamN

USDINR Jan 1st Week View

Long
OANDA:USDINR   U.S. Dollar / Indian Rupee
USDINR is at the previous support level .
Printed two hammer at the support level with Stochastic Positive Crossover
Wait for a Dip to go long as an inverted head and shoulder pattern seems to be
forming on hourly TimeFrame...
Stoploss below the low of the hammer
Comment: Trade did not trigger as price opened at SL point
Breaking previous low now, reconsidering that bear put spread or naked put 74PE till next support 73.8
Trade active: continuing with long view - taking bull put spread