peterbokma

USDTRY-BUY strategy

Long
FX:USDTRY   U.S. Dollar / Turkish Lira
We have remained above 12.7500 so stop was protected. The 4-hourly chart also is positive, and we should remain being protected using a stop-loss below 12.75. I still feel we may see 15.00 first before we move lower to 9.00.

The key is to establish above 13.42 confidently as this is a minor resistance to overcome on the short-term chart.

Strategy BUY 13.00-13.25 for a move to 14.9500. Stop remains at < 12.7500.

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