Price Action Positional Trade Forecast for EURINR on 1st January
Today on 31st December I am in Short position in EURINR. Strong Bearish Price Action signal is found in EURINR in the daily price chart of EURINR. Today EURINR moved downward and closed at the bottom.As per price action method there is a Strong bearish set up . I placed my short position at 4.55 Pm i.e at the closing bell of currency market. Tomorrow I expect 30 points target in EURINR . My stop Loss for this trade is 77.51 . Just have a look at daily price chart of EURINR
Daily price chart of EURINR as on 31st December
Price Action Positional Trade Forecast for USDINR on 1st January
There is a strong bearish price action signal in the daily price chart of USDINR. Today on 31st December USDINR moved down smoothly and closed in the bottom. As per price Action method there is a strong bearish price action signal found. Today I placed Short position in USDINR at the closing bell of Currency Market ie at 4.55 pm . Tomorrow my target for this trade is 20 points and stop loss for this trade will be 63.74 . Just have a look of daily price chart of USDINR as on 31st December.
Daily price chart of USDINR as on 31st December
I will update the Result Tomorrow.
Result of Price Action Positional Trade Forecast in EURINR and USDINR as on 1st January 2015
Great Gap Down in EURINR as expected in the opening bell of Currency Market. There was a huge Gap Down 0f almost 50 points . My Target was just 30 points. I squareoff my position and booked the profit.
USDINR opened 10 points in apposite direction. I squareoff my position of USDINR and EURINR simultaneously. I booked the loss of 10 points in USDINR. But today overall I was acheived my target because of huge Gap Down in EURINR. I enjoyed trading with EURINR and USDINR.
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