USDTRY - Daily - Potential setup for a trade
Trade Alert.
Certainly, it is a bit difficult to make a call here, but nevertheless, we will take that risk and initially aim for the 4.375 approximately. If the pair doesn't bounce, then we could see USDTRY moving lower towards the 4.22 area, where the pair could also test the short-term upwards moving trendline.
We will have a tight stop, slightly higher then today's high.
Never forget your stops!
Certainly, it is a bit difficult to make a call here, but nevertheless, we will take that risk and initially aim for the 4.375 approximately. If the pair doesn't bounce, then we could see USDTRY moving lower towards the 4.22 area, where the pair could also test the short-term upwards moving trendline.
We will have a tight stop, slightly higher then today's high.
Never forget your stops!