USD/TRY - TREND CONTINUATION
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.
- Minimum priority
-Lvl 127.2 of AB
- CD leg completion.
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