Usdtrylong
USDTRY / Support Channel & ABCDFX:USDTRY / Support Channel & ABCD
Don't forget to use %2 Risk Management
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques,
you should do your own due diligence and not take this information as a trade signal.
USD/TRY Trading PlanPrice is moving to 5.6889 it's Key level which stopped pullback down. Only big players can stop such move. That's why I think in the future they will protect that level.
Near 5.6889 Technically we can open a Long position with low risk.
Goal will be: 6.64 and 6.82
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USD TRY BULLS IN ACTION ANOTHER TIME This pair even was exposed to Impact News related to US-Turkey Crises , so we will see if the technical will be the winner Vs Fundamental for this time because the Turkish Government get some Good Economics Decisions and move to Find a solution and Trying To resolve his conflict with the USA, but the The most important question to be asked on this critical moment is the actions taken by Turkish Government are sufficient enough to stop the falling of its currency again to the USD.
Technically in 1h Frame we can observe that we have a end of consolidation and there is an Price action its indicate that bulls are in action for another Bullish Price Move for the next hours.
My Prediction is detailed Clearly on chart.
Sofiane Nait Ali