USD-INR at a critical support level
Updated
USD INR is at a critical support level following a long running trend-line. Expect a reversal from this level in a couple of days to find good positions to enter.
Note
The Hammer formed yesterday is a bullish reversal pattern, which signals that a stock is nearing bottom in a downtrend. ... The Inverted Hammer also forms in a downtrend and represents a likely trend reversal or support. Trade will be active once a confirmation candle is formed today.Note
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Trade active
Trade is active nowNote
booked partial profits and put a trailing stop lossTrade closed: target reached
There is still strength in dollar, however continue with a trailing stop loss.
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