Hi everyone! As you could notice according to my last idea the price on USD/TRY pair reached exactly in the purpose then falling continued. And now the price overcame a trend line down. However, the price is near strong horizontal support and therefore I expect correction to a trend line on level 0.382 and 0.618 according to Fibonacci.
Purchase from the level of support specified on the chart.
TP1 = 8.41
TP2 = 8.54 (achievement of this purpose is not obligatory, but it is possible)
SL = 8.175
Information provided is only educational and should not be used to take action in the market.
Purchase from the level of support specified on the chart.
TP1 = 8.41
TP2 = 8.54 (achievement of this purpose is not obligatory, but it is possible)
SL = 8.175
Information provided is only educational and should not be used to take action in the market.
Trade closed: target reached
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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.