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SroshMayi
Aug 26, 2022 10:11 AM

USDTRY 4H (near to the highest price...) Long

U.S. Dollar/Turkish New LiraFXCM

Description

now will try to break the 18.24 is the highest of the USDTRY
and above it by stabilizing the daily chart then the direction will start a new bullish trend

USDTRY
tendency upward

Entry: above 18.12

TP: 18.24 & 18.50 & 18.85
sl.: 17.950

risk 2.0%
Comments
Lazat_Trading
Hello,
There is not any analysis for a currency like turkish lira
SroshMayi
@Lazat_Trading, hello what do you mean exactly?
Lazat_Trading
@sroshberwary_fx, Countries that have an unstable economy and are politically disturbed, such as Turkey, Iran, and many countries in the Middle East and South America, cannot keep their country's currency stable within a certain range, and their country's currency is highly dependent on politics, like this Currencies can move thousands of pips in a day and the future of these currencies cannot be predicted with any technical analysis, only through fundamental analysis and policy analysis of these countries compare western countries can a relatively accurate prediction of these currencies be made.
Trading in such currencies is very risk
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