USDTRY long entry at previous structure Long

U.S. Dollar/Turkish New LiraFXCM

Description

⋅ Jul 25, 2016 1:20 PM

Hi traders,

Here's the daily chart of the USDTRY. I am looking for a long entry at the obvious structure. Also check the comments below for the weekly view.
Entry: 2.78868
Stop: 2.73750
Target: 2.99550 = R:RR 4.04

Will not be trading this, since my broker doesn't support it. Updates will follow.

Comments

burakpadir

⋅ Jul 25, 2016 2:05 PM

so it's not a long position suggestion

11021992

⋅ Jul 25, 2016 2:18 PM

I am waiting for a retracement back to the 2.8000ish area, then enter long for there. It is very likely that price will not go down that far, but I like to be prepared.