USDINR - REVERSAL PLAY
Updated
The Indian Rupee (INR) has depreciated by 1 RS against the US dollar in the past month and is approaching its historical peak, a potential reversal opportunity. Consider taking a short position, using a tight stop loss set at the all-time high of 83.6. This decision is bolstered by the presence of a bearish divergence, lending further support to this strategy.
Trade closed: target reached
Significant decline.
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