USDTRY - cautious BUY
Updated
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).
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).
Note
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..
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.