peterbokma

USDTRY - cautious BUY

Long
peterbokma Updated   
FX:USDTRY   U.S. Dollar / Turkish Lira
The USDTRY still has potential upwards, but we need to overcome 13.0800 for move towards 14.36. These are the re-tracement values.

In terms of GANN square, we may see higher even beyond 15.00. I would then become cautious once again for the reason that LONG_TERM chart has not as yet corrected sufficiently. For now, buy careful but place stop-loss below 12.00 (to give some room).

Comment:
adjust stop-loss to 12.7500 as the Line Break chart shows potential of a down move. Below 12.75 we may see lower 11.25..

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