Trader_Joe_Lee

Wherever you break, I gotta take short!

Short
Trader_Joe_Lee Updated   
FX:USDTRY   U.S. Dollar / Turkish Lira
(BGM: Yesterday once more)

This pair is a very good vehicle for carry trade, but in terms of carry trade, of course we still need stop loss and appropriate profit taking.
"Every trade should have an entry and an out"

If carry trade works, we can earn interest at the same time; if it fails, the interests could recover some of the risk.
That's totally different from long Lira without stop loss!!

Here we got this inside day and inside week! I would very love to take the breakdown short!
Even if it breaks to the upside, I would also pay attention to the 5.44 spot supply zone short.
In short, wherever the inside day breaks, only want to take the short!!


Let's see how it goes!

--
By far my best trade in TradingView is also this pair lol.
Comment:

pull back to the supply zone and making new low yo!
Perfect script!
Comment:

took some profit down here to respect this butterfly yo!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.