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Chimbarosa

Possible Short TRYJPY 4H

Short
Turkish Lira/Japanese Yen (FX:TRYJPY)  
Chimbarosa Updated   
FX:TRYJPY   Turkish Lira/Japanese Yen
Trend Analysis Technical Indicators
2
0
trendanalysis indicator
In a nutshell:

  • TRYJPY refused to move above EMA200
  • Volume dreases at current price Level
  • Don´t short before the current uptrend line will be broken

This is not an advise it is my personal opinion
Comment:
It seems that TRYJPY is going to test the downward Trendline ("fat" blue line). Hence no point to move short right now.
Trade active
Comment:
Nice drop so far...
Comment:
50 pips
Comment:
This trade is still very volatile; but I am still betting on lower investor´s confidence due to the new Turkish cabinet (new Council of Ministers).
Trade closed: target reached:
85 pips; selling of 85% of the Position. Take SL to BE and go for the extra mile (in my case just another 15 pips…) Have a nice day!
Comment:
TP 2 was reached…
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