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 .
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out