USDTRY has been in a nice trend for quite some time. After a sharp bullish rise the pair has pulled back a little to retest the resistance previously set in Sept-15, Jan-16 and briefly broken in July-16.
This time we have strong support and a bullish Morning Star reversal signal at support.
I think that there is a moderate chance that price may fall back a little lower so a wide stop loss is advisable.
SL set below support
TP set for the upper trendline.
Good luck.
This time we have strong support and a bullish Morning Star reversal signal at support.
I think that there is a moderate chance that price may fall back a little lower so a wide stop loss is advisable.
SL set below support
TP set for the upper trendline.
Good luck.