Hi traders
Its been two days without posting. I am back again today there is some action on the charts. Hopefully we turn a profit.
Let us take a look at USDTRY. On the daily chart the trend is a clear bearish trend and I think the pair will continue doing so until next week. The MACD histogram is bearish indication bears are pushing price down.
Short positions at market
Stop loss: 7.1740
Take profit : 6.7057