20/08/2023
USDINR Trade
Entry: 82.7825
Target: 82.8300
Stop Loss: 82.7575
Profit: Booked on target
Commentary:
This trade was a long trade, as we were expecting the USDINR to appreciate. We entered the trade at 827825 and placed our stop loss at 82.7575. Our target was 82.8300, and we were able to book our profit on just before target @ 82.8275.
This trade was successful because we correctly identified the trend and entered the trade at a good price. We also used a stop loss to protect our downside risk.
If you are interested in learning more about trading the USDINR, I recommend checking out my website or YouTube channel.
I offer a variety of resources to help you learn how to trade the Stock market successfully.