The USDTRY trade 2 days ago was probably one of the best trade I've ever traded and called out.
With Turkey has such a huge systematic risk, TUR also got sold off on Friday.
While, it's going to 2 weekly bullish harmonic patterns combination D point spot.
the most reasonable answer to the understanding of these 2 patterns is
"Not inclined to chase the short below 20.00"
If being super risk lover, looking for DAILY reversal sign to try some long may worth the risk,
but if you won't define yourself a super risk lover, even though being bearish on it, wait for price above 26 to sell high is a much better idea to chase the short now.
Let's see how it goes!
With Turkey has such a huge systematic risk, TUR also got sold off on Friday.
While, it's going to 2 weekly bullish harmonic patterns combination D point spot.
the most reasonable answer to the understanding of these 2 patterns is
"Not inclined to chase the short below 20.00"
If being super risk lover, looking for DAILY reversal sign to try some long may worth the risk,
but if you won't define yourself a super risk lover, even though being bearish on it, wait for price above 26 to sell high is a much better idea to chase the short now.
Let's see how it goes!
Note
Nice little drop base rally right here at the D point yo!
Note
So far so good yo!
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Related publications
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.