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ForecastCity_World
Feb 25, 2021 10:55 AM

πŸ’‘Don't miss the great buy opportunity in USDTRYΒ Long

U.S. Dollar/Turkish New LiraFXCM

Description

β‹…
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (7.00000).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. USDTRY is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.

Take Profits:
TP1= @ 7.26750
TP2= @ 7.50000
TP3= @ 7.77550
TP4= @ 8.04150
TP5= @ 8.57500

SL= Break below S2

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Comments
KHRYSOPELEA
β‹…
Good work! Keep it up.
Kristalyn
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Nice setup πŸ‘
ForecastCity_World
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@Kristalyn, .Thank you
Best_Forecast
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i like it. seems so right to me
ForecastCity_World
β‹…
@Best_Forecast, .Thank you
Pro_Trader_007
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Upvoted
ForecastCity_World
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@Pro_Trader_007, We appreciate it🌹
MMBTtrader
β‹…
You nailed it.
Thanks for sharing
ForecastCity_World
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@MMBTtrader, You're very welcome! We hope you enjoy it.
Yuriy_Bishko
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Hold this currency pair
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