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Long trade idea on USD/INR
USDINR
, 240
Long
USDINR: Long trade idea on USD/INR
Jan 26, 2022

TF for analysis = 4 hrs. 74.68 a resistance, which has been tested at least four times previously. With RSI above 50, 14-MA of RSI upward sloping, MACD above 0, DI+ above 30, ADX above 30 & upward sloping; Took a trade of BO above resistance, with SL of Resistance -ATR. 74.68-0.111 = 74.575. Target for the trade in the region of 74.90 to 75. In case of gap...

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