USDUAH New trading range and trend correction !As I have posted last week, Turkish Lira has
started its correction against USD. But not
7.8000 is my support level, which will be
I have announced T1 as the most important
support level for UAH against USD and this
week prices has touched T1 trendline, we
need to realize that this is long term trendline
and little crossing of this trendline can not give
as strong information about trend correction,
but anyway UAH is stable for this and next several
weeks. I expect 27.900-28.200 trading range.
Terms and short forms!
T - Trendlines (T1,T2... etc.)
S - Supprt levels (S1,S2... etc.)
R - Resistance levels (R1,R2... etc.)
TP - Take Profit
SL - Stop Loss
F - Fibo Levels (F23,F61... etc.)
Check out my next stream "What is divergence, why it is important for trading?"
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