USDTRY Latest Technical Levels

We're at 0.618 fibonacci level, it is relatively cheap but not a great buy. Next support is at 7.20, you can consider to start buying here. Heavy bulls should be waiting at 7.00 level. It does not seem possible to be permanent under 7.00.

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Feel free to post your ideas and questions at the comments section.

Good luck


NOTES:

- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.
- We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade.
- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader.
- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.

Best Regards.

Comment:

Price has reached the reversal zone we published earlier

Trade closed: target reached:

Buyers stepped in at the reversal zone, pushing price app. 5% as expected

Comment:

Pushing for 7.50, now is a good time to take partial profits