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ForecastCity
Aug 18, 2022 4:25 PM

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

USD/TRYOANDA

Description

Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (17.9722).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 67.

Take Profits:
TP1= @ 18.5000
TP2= @ 19.0000
TP3= @ 19.5000
TP4= @ 20.0000
TP5= @ 20.5000

SL= Break below S2

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Comments
DenizKilicDeniz
Brilliant idea. Thanks.
ForecastCity
@DenizKilicDeniz, You're welcome! Thank you as well for your comment.
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