Long
USDINR on verge of a breakout
1. 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.
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.
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