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adatherton
Dec 21, 2018 4:57 PM

USDTRY Support 

U.S. Dollar/Turkish New LiraFXCM

Description

Confluence of two trend support lines suggest the pair will revert to mean and go back up. It might go from here, or reach the 200-day simple moving average first.

Trade active

The collapse of TRYJPY in the Jan 3 event supports my case.

Trade closed manually

Closed, worked well for a couple of weeks.

Comment

Looking at this 5 months later, I was broadly correct.
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