Wait for the break out below the 61,8% retracement, the green support-line plus the diagonal support! If we break through it and bounce off we have a very nice sell-signal!
Type: Swing-Swingtrade
Sell-Limit @ 5.70202 (After break through ex-Trendline)
Stop-Loss @ 6.190
Target 1 @ 5.0 - 4.86
Target 2 @ 4.53722
Peace and good trades Irasor Trading2ez
Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
@Irasor, you may work with fibonacci levels, bollinger bands... I dont know. But according to current inflation, it is not possible to see under 5.50. Since inflation related value of usdtry is around already 5.70 and TRY is open to negative speculations.
Trading2ez
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@juhsis, The market is irrational - Look at the Wallstreet! 70% of investors are ALL-IN in stocks and still stack-up shares especially in the tecu-sector since the FED comes up with multiply rate hikes damaging Trumps policy. I could be wrong - I could be right. The point is I just see possibillitys - As a trader you should know that a single trade doesn`t count at all. I just trade what I see.
juhsis
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@Irasor, You are right, it is just a trade. However, this rate is my main interest since I live in Turkey. Wanted to inform from Turkey. Have good trades :)
Trading2ez
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@juhsis, Thanks for sharing your view. :-) Good trades for you too m8 ;)