TomProTrader

USDTRY watch for sell set up

Short
TomProTrader Updated   
FX:USDTRY   U.S. Dollar / Turkish Lira
8
Hi guys,

Watch this one for a sell set up. Would be nice to see retest of structure before move down. Looking for a sell set up using your own trading strategy is probably a good idea.

Thank you for your support.
Comment:
Fundamentals quickly made trade rally. 4 hour candle closed as a MASSIVE shooting star, so nothing has changed here. watch for a retest of structure, and look for a set up!
Comment:
Trading is relatively weak here, the set still stands here. Watching for a set up before pulling the trigger on this one.
Comment:
This one rallied out to the upside, no trade active, interest rate speech at time of setup negated any possible setup. Let's move on and place funds in another place to work for us.
Order cancelled:
Nothing to see here. No setup found, trade was negated. This is why it's key you have a strategy to avoid buying/selling too soon and losing capital!

Always use a tested trading strategy to buy/sell instruments, or it's like driving a car with no driving experience, it won't end well.
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