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Toerezxer
Oct 27, 2015 10:23 AM

[1.9#2] Temporary T/P 

U.S. Dollar/Turkish New LiraFXCM

Description

The price has turned from 2.86 and the previous idea ("1.9") seemingly held true by the first upward spike which has broken the downward channel. Then the spike had a .618 retracement after which one might want to see the continuation of the upward movement. However, .5 lower median parallel still holds as a resistance. It might be a good idea to T/P for now and see which arrow the price will follow. Booking the profit is also wise for this pair because of the upcoming 5-day holiday in Turkey.
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