MattArmstrong

USDTRY - The Lira

Long
FX:USDTRY   U.S. Dollar / Turkish Lira
Here we go again!

I see more downside for the Lira, tough times indeed.

Notice the breakout of a wedge pattern.

That is my thesis. Good luck out there guys.

1% Risk 4:1 RR
Trade active:
Seeing a breakout pending.
Trade active:
I would declare this price to have broken to the upside.
Trade active:
Wow, and there it is.. serious conviction on price direction.
- Trade facts, not opinions and emotions fellas.
Trade active:
She just keeps going!
- I will be locking in profits and then finding an entry to go long again. AFTER a pullback, if we get a solid setup.
Trade active:
This trade has not stopped heading up, without a pullback is amazing.

I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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