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Yuriy_Bishko
Oct 14, 2018 8:58 AM

USD/TRY Trading Plan Long

U.S. Dollar/Turkish New LiraFXCM

Description

Price is moving to 5.6889 it's Key level which stopped pullback down. Only big players can stop such move. That's why I think in the future they will protect that level.

Near 5.6889 Technically we can open a Long position with low risk.
Goal will be: 6.64 and 6.82

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Comment

Price is so close to key level 5.6889 i wait when price will hit that level, because only after that i will know what to do.

Comment

Price hit key level 5.6889

I will open a long if D1 close upper it. I will look for Short opportunities if D1 close under that level.

Trade active

I opened a long with low risk
Risk/Reword - 1 to 5

Trade closed: stop reached

Comments
prizmaxtr
formation men.
nivek76
dang....dayuum....who poured salt in the coffe.....whre did that drop come from...yikes....how does that happen when the USD up today..oh well lets see what happens byt the end of the day i am down 833pip...lol
prizmaxtr
do you sell 5.94?
Yuriy_Bishko
@prizmaxtr, I opend a long
prizmaxtr
i think shoulder head shoulder formation broken. So it is going to down what tall of that formation. 4.500
Yuriy_Bishko
@prizmaxtr, Do you think market drives by formations or big players positions?
prizmaxtr
@YuriyBishko, Yes because it is often seem.
Yuriy_Bishko
@prizmaxtr, big players draw such things. It is always better to use fundation of the market before you open a position.
nivek76
hey guys, i have been trading this pair since the start of the volatility, i've made both profit and lost big time, i've been shorting last couple days, i saw the pivot point, so i'm in long at 5.6728
Yuriy_Bishko
@nivek76, I wait for daily close. After i will know what to do.

Also, i writo in my VIP group where to set pending orders.
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