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USDINR

USDINR on verge of a breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula: - Stop Loss Amount/ (Buy Price-Initial Stop Loss Price) 4. sell 50% of your position on ADX cross of 40, keep the other half and trail the stop with Supertrend indicator or any other indicator of your liking. After a consolidation sale March 2020, OANDA:USDINR is ready for a breakout. On closing basis It has already given breakout. If it crosses 77.16 with high volumes then one can consider buying it with a stop at 75.80. It has already given a breakout with high volume on 30 minutes chart yesterday morning which is a sign of bullishness.
ULong
by akashbothra
USDINR View next expiry viewUSDINR has broken down and then took support with bullish divergence it has a good resistance of long term EMAs (200 EMA and 50 EMA) also now Looking at Bollinger bands also it seems they are squeezing... confirming the view of price going sideways range - between 76 and 75 Recommendation : I am going for monthly expiry short iron butterfly. As monthly future is trading at 75.93 (round to 76) My straddle will be of 76 (CE & PE) Sell and will hedge both up and down with 76.25 CE Buy and 75.75 PE Buy Risk / Reward for 100 lots : 2000 / 23000 Very good RR ratio Margin required : 2,07,000 approx... Plan your Trade ! Trade your Plan !
U
by NeelamN
14
USDINR 25 Mar Expiry viewHi Folks ! USDINR is now seen in a crucial level near 76 * It has retraced only 38% from recent dip * Retest done at previous breakdown level which was also a support level earlier * Price also can be seen moving in a downtrend channel and now is at the upper level, having room to move downwards till the lower level * Chart pattern : If we look at this retracement as flag, we can also say that it is a flag Breakdown and may also give flag target which is 75 * Indicators : RSI & Stochastic also supporting the Bearish View analyzed with points observed and mentioned above Contra View : If this takes a support at immediate support level 75.5 and makes a double bottom ( reversal sign ) then wait for Break out of 76 to get a target of 76.657 No trading zone - 76 to 75.5 Strategy recommendation : Bear Call Spread Plan your Trade ! Trade your Plan !
UShort
by NeelamN
12
USDINR View Buying Option OpportunityUSDINR 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.
UShort
by NeelamN
USDINR TOWARDS STRONG RESISTANCE ZONEUSDINR going to face so strong resistance in upcoming days. Test this level more than 5 times. But it was unsuccessful. All time high for 2020 to 2022 was 77.00. This also strong resistance becoz initative sellers entered due to price is above its fair value. As fer this 76 to 77 range was not fair price and not accepted by sellers past 2 years. This USDINR longs will effect our market as far news rbi had already dive into action to control this steady USDINR depreciation. ALL THE INFO ARE BASED ON VIEW. 🚫NOT RECOMMENDED. JUST ANALYSE AND LEARN. HAPPY WEEKEND🎈🎇✨.
by SBPraveen
USDINR Next week view 18 March ExpiryUSDINR on Weekly Time frame has reached channel resistance marked in Blue parallel line at this channel resistance, on daily timeframe it has shown us a hanging man (hammer) type candle , the low of this candle is also taken down by the big bearish candle. Now this all has happened at the previous resistance level and this bearish engulf (hammer + big bearish candle) has taken down low of the bullish breakout candle too confirming fake breakout. Now, as per this price action any bounce is a Sell with Stop loss high of the hammer candle (77.150) We can also see Bearish Divergence with RSI. View : Neutral to Short with target 75.5 Counter view : if the high of the hammer is broken out, then bullish momentum continues, hence, continuing the view given in my previous post. Please check out. Strategy that can be applied : Bear Call Spread - Buy 77.25 CE Sell 77 CE (Buy OTM Sell ATM/ITM) OR Call Ratio Back Spread Buy twice of the lots of 76.5 PE and Sell 76.75 PE (Sell one lot of ITM, Buy two lots of OTM) Few things to know about this spread are below :- * Unlimited profit if the market goes down * Limited profit if market goes up * Predefined loss if the market stays within a range
U
by NeelamN
4
Rupee Should Get stronger and come back to 75.5 Rs per Dollar Interesting Price Action and charts pattern are being observed in USD/INR currency pairs. 1. The Cup and Handle Formation. Cup formation can continue or Handle pattern can be formed and price can shoot up. As global situations are pacifying. We believe, rupee should get bit stronger. 2. All time high Resistance We have seen previously, sell of from these high levels in past. 3. ABCD harmonic According to these Rupee can test Neck of Harmonic, that can be around Rs75.5 4. Fibonacci Retracement If it tests 0.382 or 0.50 of Fibonacci levels, It should come back to Rs75.25 or Rs74.5 per dollar exchange rate in upcoming days. Trade on your own risk and analysis.
by About_Bazaar