OzgurYILMAZEL
Long

Opportunity of a life time... $GBPTRY

FX_IDC:GBPTRY   POUND STERLING / TURKISH LIRA
$GBPTRY is also approaching the long term trendline . The oscillators are at oversold levels. In an uptrend, in combination with the other indicators RSI (14) at 40 levels always provide a good trading opportunity in the direction of the trend. Also, 61.8% retracement is corresponding exactly with the support level of the trendline .

If you check the historical behaviours of CCI and StochRSI, you will realize that these levels are also the levels where the currency changed the direction.

Of course, there is a possibility of the trendline to be broken. However, all these are signaling a low risk, high income opportunity trade.

I would definitely take a long position from 3.95 Targetting 4.25, 4.5 and new highs respectively, placing my stops under 3.93.

Breaking of the trendline on the other hand will put 3.70 in the target.

This is the kind of trading opportunity that gives you a great chance to make profit with a little risk. So, don't miss the chance...


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