Due to volatility of this asset, stop loss will be adjusted as the trade progresses.
Shorting USDTRY down to lower levels of structure given the large bearish weekly candle we have to work with and the expectation that this will continue correcting down towards the 5.25000 level.
Short entry at 5.97030
Trading involves risk, do not risk more than you can afford to lose because you are solely responsible for any and all actions taken in the market.
Only noticeable news events this week on the USD listen on an economic calendar are on Wed/Fri due to FOMC Speeches
Shorting USDTRY down to lower levels of structure given the large bearish weekly candle we have to work with and the expectation that this will continue correcting down towards the 5.25000 level.
Short entry at 5.97030
Trading involves risk, do not risk more than you can afford to lose because you are solely responsible for any and all actions taken in the market.
Only noticeable news events this week on the USD listen on an economic calendar are on Wed/Fri due to FOMC Speeches
Trade closed manually:
High likelyhood based off of recent market open PA near the demand zone to see price go up above 6.05 prior to any bearish confirmations