MattArmstrong

USDTRY - Long Breakout?

Long
FX:USDTRY   U.S. Dollar / Turkish Lira
We caught a great trade from March going long (Profit/Loss Box Remains)

I just don't see the economic situation getting better anytime soon for Turkey.

I am actually living in Turkey currently, it's a lovely country with wonderful people, food and and and....

I see the break north, on a technical level the "Rising Wedge" pattern illustrated.

Keep on trucking! or trading whatever...

1% Risk, 2:1RR
Trade active:
-already looks like it's breaking north.

I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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