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Turkish Lira/Japanese Yen
Short
Updated

Possible Short TRYJPY 4H

96
In a nutshell:

  • TRYJPY refused to move above EMA200
  • Volume dreases at current price Level
  • Don´t short before the current uptrend line will be broken


This is not an advise it is my personal opinion
Note
It seems that TRYJPY is going to test the downward Trendline ("fat" blue line). Hence no point to move short right now.
Trade active
Note
Nice drop so far...
Note
50 pips
Note
This trade is still very volatile; but I am still betting on lower investor´s confidence due to the new Turkish cabinet (new Council of Ministers).
Trade closed: target reached
85 pips; selling of 85% of the Position. Take SL to BE and go for the extra mile (in my case just another 15 pips…) Have a nice day!
Note
TP 2 was reached…
Chimbarosa
Technical IndicatorsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Technical IndicatorsTrend Analysis
Chimbarosa

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.