alexcrypto

USDTRY - Riding the Bullish momentum

Long
FX:USDTRY   U.S. Dollar / Turkish Lira
Using cloud and Fibonacci this bullish momentum in this pair can be played as follows:

Aggressive entry:
Enter on the KIJUN (at the moment 3.827) will move up with the momentum so orders can be moved upwards accordingly

Conservative entry:
Around the support price (3.827)

TP1: 3.8890
TP2: 3.9123

Stops can be placed just below support where this setup fails around 3.816

Very good risk reward ratio of 5 to 1 for TP1 and 7 to 1 for TP2

Trade Safe.

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