USD / TRY is trapped in a bearish channel
, after breaking an area that has been strongly supportive previously, it has resumed its strength by retesting the breakout zone. Based on one of our trend continuation strategies, we place a limit order on the 3.54% retracement 50 of the AB leg which falls precisely on the PRZ. Always 3 mechanical levels of TP:
- Minimum priority
-Lvl 127.2 of AB
- CD leg completion.