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INDIAN RUPEE / U.S. DOLLAR

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INRUSD trade ideas

USDINR | Trendline Support• Let see the trendline support will make the trend continue upside or reversal downside. • If any "Daily candle" going to break "high of previous Daily candle", we can try for reversal as from trendline support with good Risk-Reward as chart showing that history had repeated many times. • Entry:- 81.917 break. (Entry should be on previous candle high break . It is possible that , it may be upcoming candle's high.) • Upside Resistances can become our targets. Targets :- 82.721 , 83.039 , 83.200 Stop Loss / SL :- 81.605 Support zone . (After breaking previous candle high , our Stoploss will be low of that candle./ whose high going to break by price. )
Long
by Pravins333
2
USDINRPlease keep in mind that this is only for futures and positional traders. You can buy USDINR in 3 different buy zones, as mentioned (Buy zone 1, Buy zone 2, Buy zone 3). There is NO-STOPLOSS; simply purchase as much as you can. Don't panic if it reaches Zone 3; instead, buy as much as possible. It is important to note that this view is for the next three months and is not recommended for short-term time frames.  Note 1: Do not trade CALL options based on this view because it is a long-term view and you may lose money buying OTM or ITM due to theta decay in the long run.  Note 2 : Because the USDINR is oversold, strong Bullishness is expected to continue, and only buying is recommended (avoid short selling or buying PUT options) at retracement levels.
Long
by WECLAN