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ForecastCity_ME
Oct 21, 2021 3:33 PM

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

U.S. Dollar/Turkish New LiraFXCM

Description

Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (9.34192).
. 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 77.

Take Profits:
TP1= @ 9.48182
TP2= @ 9.56259
TP3= @ 9.69239
TP4= @ 9.80779
TP5= @ 9.94139

SL= Break below S2

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Comments
Sophi2018
I really appreciate your work .
ForecastCity_ME
@Sophi2018, Thank you for your comment
AR_kooshani
Brilliant explanation. Thank you for your ideas.
ForecastCity_ME
@AR_kooshani, You're welcome
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