peterbokma

USDTRY- SELL strategy

Short
FX:USDTRY   U.S. Dollar / Turkish Lira
The 4-hourly Ichimoku chart starts showing support for USDTRY upwards.

However, the stochastic viewing historic performance, the stochastic is negative, and this shows we do have selling pressure.
The open cloud support is at 13.00 right now, and this is what I mean by support for the USDTRY.

For now remain short and keep stop-loss 14.2500 and if broken, we may likely see above 15.50 again.


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