USDTRY- BUY strategy
We have moved above 10.50-11.00 and we broke through the FALSE BEAR FLAG channel upwards.
Looking at the GANN square, we are observing a break-out of the previous GANN angle and in a new square with support at 12.62.
The MA is positive, and the MACD is is moving slowly to positive (it always is lagging) and the DMI is positive USDTRY.
My feel is we go back 15-17 ranges, and who knows even above 18s.
The MONTHLY CHART we have to observe closely once we have reached a correction upwards. But for now remain long with stop below 12.00 and profit target 15-50-16.00.
Looking at the GANN square, we are observing a break-out of the previous GANN angle and in a new square with support at 12.62.
The MA is positive, and the MACD is is moving slowly to positive (it always is lagging) and the DMI is positive USDTRY.
My feel is we go back 15-17 ranges, and who knows even above 18s.
The MONTHLY CHART we have to observe closely once we have reached a correction upwards. But for now remain long with stop below 12.00 and profit target 15-50-16.00.
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