alexcrypto
Long

USDTRY - Riding the Bullish momentum

FX:USDTRY   US-Dollar / Türkische Neue Lira
Using cloud and Fibonacci this bullish momentum in this pair can be played as follows:

Aggressive entry:
Enter on the KIJUN (at the moment 3.827) will move up with the momentum so orders can be moved upwards accordingly

Conservative entry:
Around the support price (3.827)

TP1: 3.8890
TP2: 3.9123

Stops can be placed just below support where this setup fails around 3.816

Very good risk reward ratio of 5 to 1 for TP1 and 7 to 1 for TP2

Trade Safe.
TP2 allmost hit. Any update Alex?
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Congrats Alex, Are u expecting higher than TP2: 3.9123 ? Thanx.
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@zentr, It is following the bullish trendline, there might be more upside if doesn't break
+1 Antworten
Excellent entry level and approaching TP1.
Congrats
+1 Antworten
@ahk, Thank you
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türkçe yaz :)
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