mariamsgh

Turkish Lira Possible Moves

FX:USDTRY   U.S. Dollar / Turkish Lira
Descending Trendline may activate at 6.3 to 5.8 (Fib retracement)
Downward Move will retrace by then to around 6.10
Descending move to resume to 5.4 to 5.5 (may go as low as 5.25??)

Daily Ascending trendline (from 4.0) will resume at 5.5 all the way to 9.7-9.8
Comment: now retracement from 5.8 should have begun,
it is expected to be sharp and short lived, will watch for this retracement to end in 6.05 to 6.10,
Comment: as the Brunson issue is raised now, expect some sharp moves in usdtry
if u ve followed the buy from 5.8 level / drown trendline shown a week ago,

update a SL below the trend line, and no TP (it is mostly 6.05 to 6.10, but it may launch higher and profit can be missed)
I recommend to wait for the curve (1hr or 4hr) to flatten, and will switch trading in the reverse direction
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