OANDA:USDINR   U.S. Dollar / Indian Rupee
USDINR broke out and retested the 72.64 level
Also, the retest is fantastic with a big rejection hammer candle ( bullish sign)
Buy the Dip is the view....
Making flag n pole continuation patterns

Comments

Hi @NeelamN which broker do you suggest as in few there are lack of liquidity. My view is also bullish as it took good support . But however rising nifty is still a concern for this. Let me know your thoughts .
Reply
NeelamN teutonsadhi
@teutonsadhi, comparing this pair with Nifty is Okay as in its inversely proportional, though it does not always do that on the same day... And for broker, you may first ask the broker about their terms n conditions and what they are offering if you enroll in currency segment. Full Service Brokers are Best.
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This is wrong
Reply
NeelamN manugowdacss
@manugowdacss, okay, then I have my friend Stop Loss... Happy Trading !!!
Reply
bro I'm new to currency. How liquid will currency options be?? looks like monthly options are more liquid than weekly options.
I created a bull call spread strategy and also bought a future hedged with 73.5pe.

risk to reward is very good when we look at monthly options. my only concern is about liquidity when we take big positions.
any comments??
Reply
NeelamN VarunNeel90
@VarunNeel90, liquidity is really good in weekly options compared to monthly actually. start small to test the waters if you wish to trade this pair...
Happy Trading !!!
+1 Reply
@NeelamN TnQ bro
Reply
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