USDINR as expected moving in a neutral to short range as per our expiry view posted previously....
Now that we are watching a Sandwich pattern formed on 4Hourly timeframe,
if it breaks down
then there is a flag breakdown also with a breakdown of 50 EMA
this confluence may trigger an excellent Option buying opportunity.
For buying, use next week's option or monthly option of ATM or ITM strike.
Target : till 200 EMA or POLE target.
Plan your Trade ! Trade your Plan !
These ideas are shared for trader community to improve conviction and employing different execution strategies on their individual views if they match our view.
Now that we are watching a Sandwich pattern formed on 4Hourly timeframe,
if it breaks down
then there is a flag breakdown also with a breakdown of 50 EMA
this confluence may trigger an excellent Option buying opportunity.
For buying, use next week's option or monthly option of ATM or ITM strike.
Target : till 200 EMA or POLE target.
Plan your Trade ! Trade your Plan !
These ideas are shared for trader community to improve conviction and employing different execution strategies on their individual views if they match our view.
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