USD/TRY: Swing-Setups! BE ready for all scenarios! :-)
Hey tradomaniacs,
welcome to another signal by trading2ez.
In this case we want to be ready for both scenarios. Whether it`s going down or up, we can make profit with it!
Bullish scenario:
After the Breakout of the trendline, we wanna make sure that we don`t buy a Fakeout.
Wait for the retest of 5.3! After that we should see bears coming into the market following the downtrend.
Right after we should see a retest of the previous high, which was @ 5,25!
A bounce off that area would show a new high and a higher low confirming the crossed MAC-D and RSI above 50!
This third wave has huge potential, our first target would be the top of the range @ 5.40 - 5.45!
After that we can head to 5.5!
Indicators:
MAC-D should get above the 0-Line crossed upwards!
RSI: Should bounce off 50% and go upwards!
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Bearish scenario:
IF we see a Fakeout and bounce back into the trendchannel, we wait for the retest of the recent bottom @ 5.12917!
After that, we should see bulls coming into the market until we retest the trendchannel.
THIS is our chance to sell the market until we`ve reached the important mark of 5.0!
Indicators:
MAC-D should cross downwards below the 0-Line to confirm that trade!
RSI should get below 50%!
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SETUPS
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Long:
Buy-Stop: 5.25
Stop-Loss: 5.14
Target-Zone 1: 5.36 - 5.4036
Target 2: 5.56
Leave a like and a comment - I appreciate every support! :-)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
welcome to another signal by trading2ez.
In this case we want to be ready for both scenarios. Whether it`s going down or up, we can make profit with it!
Bullish scenario:
After the Breakout of the trendline, we wanna make sure that we don`t buy a Fakeout.
Wait for the retest of 5.3! After that we should see bears coming into the market following the downtrend.
Right after we should see a retest of the previous high, which was @ 5,25!
A bounce off that area would show a new high and a higher low confirming the crossed MAC-D and RSI above 50!
This third wave has huge potential, our first target would be the top of the range @ 5.40 - 5.45!
After that we can head to 5.5!
Indicators:
MAC-D should get above the 0-Line crossed upwards!
RSI: Should bounce off 50% and go upwards!
-----------------------------------------------------------------------------------------------------------------------------------
Bearish scenario:
IF we see a Fakeout and bounce back into the trendchannel, we wait for the retest of the recent bottom @ 5.12917!
After that, we should see bulls coming into the market until we retest the trendchannel.
THIS is our chance to sell the market until we`ve reached the important mark of 5.0!
Indicators:
MAC-D should cross downwards below the 0-Line to confirm that trade!
RSI should get below 50%!
-----------------------------------------------------------------------
SETUPS
- Short:
Sell-Limit: 5.14397
Stop-Loss: 5.23019
Target 1: 5.05
Target 2: 5.0
---------------------------------------------------------------------
Long:
Buy-Stop: 5.25
Stop-Loss: 5.14
Target-Zone 1: 5.36 - 5.4036
Target 2: 5.56
Leave a like and a comment - I appreciate every support! :-)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Comment:
Comment:
In addition to:
Comment:
Trade closed: target reached