U.S. Dollar / Turkish Lira
Long
Updated

USDTRY : Long Setup

352
Looking at the Turkish Lira's developing MSCI Emerging counterparts, it was very fragile in a financial quarter of time, and 10-year bond yields did not increase.(TR10Y)
This could make the Turkish Lira vulnerable to attacks.

snapshot

Although this analysis includes a low Risk / Reward ratio, I have shared it as a roadmap for lower time periods.
Because the risk / reward ratio can be much more profitable in lower time periods.

For the detailed information of analysis, don't forget to look at the related ideas, I wish everyone a happy New Year.
Parameters :

  • Risk/Reward Ratio 1/1.17

  • Position Size : %1

  • Stop-Loss : 5.7997

  • Goal : 6.124


NOTE :
I'm still a fan of this analysis in the lower timeframes for lower Risk/Reward Ratio with decreasing Stop-Loss percent.
If I get a signal about this, I will definitely share it, and wish everyone a happy New Year.
Note
Those who want to improve their Risk / Reward ratio can raise their Stop-Loss levels to around 5.90.
Note
Trade is continue , maybe i can increase position size with low tfs , i will share it if i open a position , regards.
Trade closed: target reached
Target Reached with more than 294 pips!

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