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ForecastCity_World
Oct 22, 2021 1:49 PM

💡Don't miss the great buy opportunity in USDTRY Long

FX:USDTRY60
U.S. Dollar/Turkish New LiraFXCM

Description

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Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (9.5217).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. USDTRY is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.

Take Profits:
TP1= @ 9.6500
TP2= @ 9.7000
TP3= @ 9.8000
TP4= @ 9.9000
TP5= @ 10.0000

SL= Break below S2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsUSDTRYUSDTRYusdtrylong
Comments
davidgolandak
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Clear analysis.👍 Your charts are always nicely done.
ForecastCity_World
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@davidgolandak, Thank you. We hope you enjoy it.
Sophi2018
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Good analysis as always!
ForecastCity_World
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@Sophi2018, Thank you. We appreciate your support.
DenizKilicDeniz
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That's an interesting idea👍
Thanks for sharing.
ForecastCity_World
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@DenizKilicDeniz, You're welcome! Thank you as well for your comment.
MMBTtrader
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we can expect more rise
ForecastCity_World
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@MMBTtrader, Thank you for your feedback. We appreciate it.
BatuMeftun
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don't worry if you miss this oppurtunity... Erdoğan will give you many oppurtunities
OTUZBIRETTO
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lol our economy is literally f*cked thanks to erdogay
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