Penjualan

USDTRY: Offering interesting downside

Diupdate

I'll be monitoring this pair for a short entry soon, if we break the weekly support, and expand the daily range down we might get sufficient reason to get involved on the short side.
The setup is purely technical, I'm not considering Turkish fundamentals but if anyone wants to expand on them, maybe they can shed some light on this setup.
Feel free to leave your comments.
Good luck if taking this trade.

Cheers,

Ivan Labrie.
Time at Mode FX

Catatan

Looking solid, took a 3 ATR entry first, will add once we get further confirmation. Downside is gigantic.

Catatan

In case you haven't, check this chart:

USDTRY: Set to return to the 9 year mode

Since I posted it, USDTRY effectively topped. I think it's still in play, with a 55% probability at least.

Catatan

View of the FOMC key support and resistance levels.
If we break down convincingly, huge downside opens up.

Trade aktif

Trading ditutup secara manual

Closed manually for -0.15%
I'll wait, not safe to short yet.

Catatan

Probably safe to short it again.

Catatan

If you reentered a month ago like I suggested, you'd be in great profit.
Expect a retracement since we hit the first target, but it could just continue marching down.

IvanLabrie

🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/

Juga di:

Publikasi terkait

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.