New trading up channel!Very low risk and high reward trade idea!

USDTRY formed an new and higly volatile strong up channel! Recent surge was bounced back from 38.20 % fibbonacci level. Long from there with a risk reward ratio 25! The stop loss is just below 1%. Short at old highs until seeing a reversal signal probably from 20 EMA and around 50% fibonacci level. This can happen soon in August next week or so.

Trade active:

Stop loss swapped by menthal stoploss around the pivot point. Channel expanded. The trade still profitable.

Trade closed: stop reached