botje11

USDTRY Target reached and much more even :)

botje11 Updated   
FX:USDTRY   U.S. Dollar / Turkish Lira
A textbook trade the previous analysis on usdtry. Showing how easy trading can be sometimes if we are willing to wait for a good setup.
As we can see on the left, it respects that big bull flag that i drew a week ago. So we could be closing in on a temp low on the lower time frame. My game plan now is, waiting for a potential inverse H&S with the low in that green support. So waiting for things to play out first and then making an attempt if things look good.


Previous analysis:
Comment:
So far the H&S is taking shape now. We can see a trend line now and hopefully we get something in the shape of a wedge, the bigger one or the smaller yellow one. That would give the option to get in at the exact low with a small pos and then wait to see if we get an completed inverse H&S or not. So risking some at the support zone for a potential big win.


Want to support me? My affiliates:

partner.bybit.com/b/botje12

onelink.to/quantfury
Add invite code AFTER signing up, bonus up to $250: 4JU345F3
1 trade, 30 day wait, to claim bonus

www.kucoin.com/r/af/rMQN2A5
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.