Hello traders, What are you guys expecting for USDTRY? Remember to trade exotics with proper SL!
Appears that political and economic issues will continue to devalue the Turkish LIRA vs the US Dollar.
FX:USDTRY Tendency: Downward trend Fundamental: Erdogan Can Thank Putin If Turkey Surprises With a Big Rate Cut Please comment down below!
OANDA:GBPUSD --------------------------> Details on the chart. Pipdify, Tamilkumar
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Hi all , One of our free trades for the week . Entry marked and sl marked . Many thanks
Our risk / reward ratio is 0.28 in the first field and 0.09 in the second field. There was a close above 5.84. Long positions can be tried in small lots. However, losses can be a bit high since the bar cannot be sure without closing, so stoploss should be placed directly at 5.81 or 5.84. Our sales level for the first area is 6.095. If the first area breaks down,...
OANDA:NZDUSD -----------------------------> Details on the chart Happy weekend, pipdify Tamilkumar
The exchange rate has moved into corrections. This is in line with the previous analysis. The current correction level is 5.71777 usd. Above this level, you can add a short position.
Buy USDTRY Around 5.8245 Stop below 5.7888 Target 5.9200 With all the ongoing drama we are looking to go long.
The pair is trading within a Channel Up on 1D (RSI = 62.022, MACD = 0.054, Highs/Lows = 0.0493) since the August bottom. It is currently in the process of pulling back for a Higher Low and that will be our opportunity to buy. TP = 6.1000. Notice how when the RSI turns sideways it denotes a Channel pattern, both on the downtrend and uptrend. ** If you like...