USDINR is stuck in a range
74.5 and 73.5
Last week USDINR printed a neutral candle, this week price fluctuated between the high's and low's of that previous week's candle.
Sideways action expected for this week as well.
Risk takers may go for straddle or strangle strategy
Or I recommend Bear Call Spread.
Sell 74.5 CE Buy 75 CE
as Trend on higher Time frame is still Down.
Thanks !!!
Plan your Trade and Trade your Plan..
Happy Trading !!!
74.5 and 73.5
Last week USDINR printed a neutral candle, this week price fluctuated between the high's and low's of that previous week's candle.
Sideways action expected for this week as well.
Risk takers may go for straddle or strangle strategy
Or I recommend Bear Call Spread.
Sell 74.5 CE Buy 75 CE
as Trend on higher Time frame is still Down.
Thanks !!!
Plan your Trade and Trade your Plan..
Happy Trading !!!
Trade active:
Keeping Stop Profit on Call Sold....
Trade closed: stop reached:
Stop Profit hit