USDINR

In the past times, USDINR is trying to hold its level and now we can see more rise above the levels

Characteristics of Triangle pattern
A pattern that has the following characteristics is more effective.

+ Before breaking out, prices need to touch both resistance and support levels at least twice each for the pattern to take effect.

+ This pattern gives a buy signal (breaking out of the resistance) which is more effective than a sell signal (breaking out of the support).
How to enter a trade is as follows.

When the price breaks out of the resistance, open a UP order. You can open the order as follows:

+ Entry Point: When the candlestick finishes breaking out of the resistance.

+ Stop-Loss: At the level where the price last hit the support before breaking out.

+ Take-Profit: From the entry point, the length is equal to the widest price amplitude generated within the Triangle.
#triangle