TradingView
Faisal-Nagi
Dec 5, 2017 9:49 PM

USD/TRY  Short

FX:USDTRY240
U.S. Dollar/Turkish New LiraFXCM

Description

⋅
Dear treaders,,,

After we had nice 4h trend line we broke below that line at the price 3.92 we had test back but rejections was strong.

short trade is a long time frame i am going to hold this for few week.

SL at 3.89 is good enough as if we break that level then we will see 4$ shortley.


Good luck All ,,,

NOTE : I will update this soon.

Trade active

⋅

Comment

⋅

Comment

⋅
first target hit ... NOT TP yet

Comment

⋅
TP 2 reached

Comment

⋅
move your Sl to 50% in profits

Comment

⋅
we are on the way again :)

Comment

⋅
Trend AnalysisBeyond Technical AnalysisTRYUSDUSDTRY
Comments
NeroFinancial
⋅
barrons.com/articles/why-goldman-currency-experts-likes-peso-rand-lira-1499716392 almost one year ago when goldman liked the Lira. I think it's time to go all in.
NeroFinancial
⋅
Extremely overbought pair, Turkish Central bank fighting inflation, Best growth economy EM in Europe. STRONG SELL. Lira excessively undervalued.
principaloverprinciple
⋅
It may open on the upside a bit but I definitely agree with the drop.
kisacafb
⋅
Hi, this is very good analysis! After 3.62 filling the gap, what is your guess? bounce and move down?
Faisal-Nagi
⋅
@kisacafb, well that's my goal.
but i think i will see side moves for the next few days
Fiyi77
⋅
hi, I was wondering if I bought TRY now at this range if you think it is too late?
Faisal-Nagi
⋅
@Fiyi77, I don't think so my friend.
I will wait for another day or tow to see the Daily trend where will hold to buy.
Fiyi77
⋅
@Faisal.nagi, thank you for the reply. Could you please keep me updated?
Faisal-Nagi
⋅
@Fiyi77, will do :)
suc
⋅
If I were you , I would close position... :))
More