USDINR View Buying Option Opportunity
Updated
USDINR as expected moving in a neutral to short range as per our expiry view posted previously....
Now that we are watching a Sandwich pattern formed on 4Hourly timeframe,
if it breaks down
then there is a flag breakdown also with a breakdown of 50 EMA
this confluence may trigger an excellent Option buying opportunity.
For buying, use next week's option or monthly option of ATM or ITM strike.
Target : till 200 EMA or POLE target.
Plan your Trade ! Trade your Plan !
These ideas are shared for trader community to improve conviction and employing different execution strategies on their individual views if they match our view.
Now that we are watching a Sandwich pattern formed on 4Hourly timeframe,
if it breaks down
then there is a flag breakdown also with a breakdown of 50 EMA
this confluence may trigger an excellent Option buying opportunity.
For buying, use next week's option or monthly option of ATM or ITM strike.
Target : till 200 EMA or POLE target.
Plan your Trade ! Trade your Plan !
These ideas are shared for trader community to improve conviction and employing different execution strategies on their individual views if they match our view.
Trade closed: target reached
Covered with 100% ROI
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.