knmtechnology
Long

Turkish Lira/Japanese Yen Long from Key Support

FX:TRYJPY   Turkish Lira/Japanese Yen
48 0 0
At the market open yesterday, price gapped down on this pair to the 50.00 area. As you can see, the pair reached a key level in the area just above 56.00 a few weeks ago and retraced all the way back down to retest the key level at 50.00 which corresponds to an up trendline that runs back to September of last year when the most recent uptrend started. The 50% retracement of the up move comes in just below 50.00 so I placed my stop just below the level. I will be adding to this trade on pullbacks on the daily chart .
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out