USDINR Trade Idea

04 Feb 2019 10:48 AM
 
USDINR:-After a gap up open at 71.60 the momentum indicators have reached their overbought territories - RSI is at 70 mark and the Stochastic slow is at 86, suggesting a possible price reversal. a Spinning top at the top of hourly chart is formed, signalling a possible cool off. Our Preference:- Sell below  71.62 Target- 71.40 Stop loss- 71.74