Hedge position in JPYINR.
L.T.P.: 0.70500
We can go long in december future and short in january future(or vice versa).
If jpyinr starts an upward journey we will book profit in the long position at 0.70900 and doubling the short position.
S.L. for shorting position would be 0.71
Target for short position would be 0.70
If jpyinr starts a downward journey we will book the profit in short position and doubling the long position at 0.70.
S.L. for long position would be 0.69
Target for long position would be 0.71.
We can go long in december future and short in january future(or vice versa).
If jpyinr starts an upward journey we will book profit in the long position at 0.70900 and doubling the short position.
S.L. for shorting position would be 0.71
Target for short position would be 0.70
If jpyinr starts a downward journey we will book the profit in short position and doubling the long position at 0.70.
S.L. for long position would be 0.69
Target for long position would be 0.71.
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