USD/TRY 7/6/2020
Welcome to this analysis on USD/TRY.
USD/TRY has established an uptrend from the 2nd of June till the 17th of June, Since then it has been trading in a tight rectangle range between 6.834 and 6.858 which broke to the upside before the market close last week.
Currently, it looks like it is finding support above the range which can be a sign of continuation of the previous uptrend as long as it holds the 6.850 as support.
The level of resistance above the current price the gap around 6.9 and the next one above that is going to be around 6.94.
This trade idea has 2 rewards to risk ratio if it hits the first target and 5.5 R if it hits the 2nd target.
Good luck trading.
USD/TRY has established an uptrend from the 2nd of June till the 17th of June, Since then it has been trading in a tight rectangle range between 6.834 and 6.858 which broke to the upside before the market close last week.
Currently, it looks like it is finding support above the range which can be a sign of continuation of the previous uptrend as long as it holds the 6.850 as support.
The level of resistance above the current price the gap around 6.9 and the next one above that is going to be around 6.94.
This trade idea has 2 rewards to risk ratio if it hits the first target and 5.5 R if it hits the 2nd target.
Good luck trading.
註釋
註釋
it's very choppy lol, seems like it's trying to make another rectangle range. looks like a base on base batter it's usually a sign of continuation.交易結束：達到停損點
註釋
-1R註釋
註釋
Targets got hit after we got stopped out. Unfortunately, my timing wasn't on point.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。