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U.S. Dollar / Turkish Lira
Long

USD/TRY long

By Yuriy_Kuznetsov
Updated
Hello! The USD / TRY pair reached strong support around 8.40. Currently, we can expect an upward movement to the nearest resistance at the level of 9.0906. SL below support. Technical indicators confirm this as well. Overcoming the local trend line (indicated on the chart in yellow). It is better for cautious traders to wait until the trendline is crossed.

Bought on current price
TP = 9.0906
SL = 8.36614

Information provided is only educational and should not be used to take action in the market
Trade active
SL changed on 8.339
snapshot
Trade closed: stop reached
Trade active
Bought again. SL = 32.89
Trade closed: stop reached
Trade active
Note
I continue to hold positions. SL = 3.09.
Trade active
Trade active
We are closely watching the overcoming of the upward trend line.
snapshot
Trade active
snapshot
Trade active
Trade active
Trade active
I continue to hold the long position. The threefold bottom will be possible. SL = 8.2649.
Trade active
Trade active
Trade closed manually
Sold on 8.45311. The transaction is closed manually with small profit.
Note
snapshot

As you could notice, as a result the objectives were achieved.
Technical IndicatorsTrend AnalysisUSDTRYusdtrylong
Yuriy_Kuznetsov

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