USDTRY sell setup
Updated
Hi guys,
The pair USDTRY looks like a sell. I am expecting a retest of the above moving averages, or highest the previous swing high, before the breakdown. I expect then a break of the sideways support level where I am expecting a strong drop to the downside.
If you don't know where to enter or exit this trade, you are NOT ready to trade live funds.
Best regards,
Tom_Killick
The pair USDTRY looks like a sell. I am expecting a retest of the above moving averages, or highest the previous swing high, before the breakdown. I expect then a break of the sideways support level where I am expecting a strong drop to the downside.
If you don't know where to enter or exit this trade, you are NOT ready to trade live funds.
Best regards,
Tom_Killick
Note
I am expecting a nice lower open next week in which I expect the breakdown to begin, to the designated support area outlined on my chart. It is definitely worth watching this one and using your own tested trading strategy to determine the entry and exit levels.
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