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ForecastCity
Feb 25, 2021 10:51 AM

💡Don't miss the great buy opportunity in USDTRY Long

FX:USDTRY1D
U.S. Dollar/Turkish New LiraFXCM

Description

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Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (7.00000).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. USDTRY is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.

Take Profits:
TP1= @ 7.26750
TP2= @ 7.50000
TP3= @ 7.77550
TP4= @ 8.04150
TP5= @ 8.57500

SL= Break below S2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsTRYturkishliraUSDDJ FXCM IndexUSDTRY
Comments
Kristalyn
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keep up the amazing job here.
ForecastCity
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@Kristalyn, We appreciate your kindness and comment. 🌹
Best_Forecast
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Solid view
ForecastCity
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@Best_Forecast, We appreciate your support. 🌹
Pro_Trader_007
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Nice chart, tnx for sharing it
ForecastCity
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@Pro_Trader_007, Thanks for your kind comment. 🌹
Sir_Ray
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Great job..
ForecastCity
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@Sir_Ray, Thanks 🌹
Kamryn
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You cover both directions in your idea. It's such a vise. 👌
ForecastCity
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@Kamryn, Thanks 🌹 We hope you enjoy it
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