Yuriy_Kuznetsov

USD/TRY there has to be a correction

Long
FX:USDTRY   U.S. Dollar / Turkish Lira
Hi everyone! As you could notice according to my last idea the price on USD/TRY pair reached exactly in the purpose then falling continued. And now the price overcame a trend line down. However, the price is near strong horizontal support and therefore I expect correction to a trend line on level 0.382 and 0.618 according to Fibonacci.


Purchase from the level of support specified on the chart.
TP1 = 8.41
TP2 = 8.54 (achievement of this purpose is not obligatory, but it is possible)
SL = 8.175


Information provided is only educational and should not be used to take action in the market.
Trade closed: target reached

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