USDTRY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Usdtrylong
USD/TRY, powerful move is comingYou will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
USDTRY - the pleasure and pain will be mine.USDTRY is a very tricky exotic pair to tackle. The exotics on the whole are erratic and offer may traps and false breakouts. This is a dangerous pair and not recommended for those without experience of exotics.
On this occasion I'm departing from my system of 'rules' because I'm dealing with such a wild 'animal'. I have experience of exotics doing false breakouts against my favoured direction. I'm not saying there is going to be one on this occasion, but I'm prepared for it.
I stand to take loss which is acceptable. Notably most Tradingview posts are about good news in terms of positive expectations (whether long or short); not about losing positions. This is not surprising, is it? There is an unconscious need to present mainly good positions. I'm breaking the mould. I'm not afraid to show that I can lose.