Price Action Positional Trade Update in EURINR
As I posted last time on 21 st November there was a sell price action signal in EURINR. It moved as expected. I carry forwarded the trade for about two days and I booked total profits of 85 Points in two days.
Today I found a Bullish price action positional call as per Price action Signal in EURINR . It is clearly observed bullish price action signal in EURINR in te Daily chart. Today I am going to be in a Long position at 4.55 pm at the closing time of Currency market.
Daily Price chart of EURINR is shown below
My target for this Positional call is 30 points above my buying point.As this is a swing trade in EURINR my stop loss is 76.45 for this trade.Tomarrow if my target will get acheived at the opening bell I will close my Position and if not I will wait for my target and defined Stop Loss.
Price Action Positional Trade Update in GBPINR
Today at the closing bell of Currency market I observed Bullish Price Action signal in the Daily price chart of GBPINR. According to price action 50 % rule it is observed that there is a Bullish price action signal created at bottom level of GBPINR. Today I am going to be in a Long position at 4.55 pm at closing bell of currency market.
Daily price chart of GBPINR is shown below
My trarget for this Price action position call in GBPINR is 30 points above my Buying level and my stop loss is 96.55 . If I acheive the target in the morning bell I will close my position and book the profit otherwise I will wait for the target and the defined Stop Loss level.
Price Action Positional Trade Update in USDINR
Today at the end of the currency market at 4.55 pm I am going to be in a long position in the USDINR. I found a Bullish Price action signal in the daily price chart of USDINR at 4.55 pm. I am going to trade positional in USDINR today at 4.55 pm in a long Position.
Daily Price Chart of USDINR is as shown below
My target for this Positional trade in USDINR is 20 Points above my buying level and the stop loss for this trade will be 61.65 . I may trail the stop loss accordingly.I will square off my position if I acheive my target in the opening bell of the market. otherwise I will wait for the target and the stop Loss defined for this trade.
SUMMARY OF ALL THE ABOVE THREE TRADES AS OF ON 25 TH NOVEMBER IS AS FOLLOWS
I achieved following targets in EURINR , USDINR ,AND GBPINR
EURINR : + 23 POINTS
USDINR : + 9 POINTS
GBPINR : + 28 POINTS
If you are interested to learn Jayant’s LIFE CHANGING PRICE ACTION TRADING COURSE and finding HIGH Probability trade setups in COMMODITY , NIFTY , BANKNIFTY and CURRENCY then just check my PRICE ACTION COURSE . Take your Trading to the NEXT LEVEL using PRICE ACTION STRATEGY.