GreenpointFX

USDTRY Trend Continuation

Short
OANDA:USDTRY   U.S. Dollar / Turkish Lira
Hi traders
Its been two days without posting. I am back again today there is some action on the charts. Hopefully we turn a profit.

Let us take a look at USDTRY. On the daily chart the trend is a clear bearish trend and I think the pair will continue doing so until next week. The MACD histogram is bearish indication bears are pushing price down.

Short positions at market

Stop loss: 7.1740
Take profit : 6.7057

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