New trading up channel!Very low risk and high reward trade idea!
Updated
USDTRY formed an new and higly volatile strong up channel! Recent surge was bounced back from 38.20 % fibbonacci level. Long from there with a risk reward ratio 25! The stop loss is just below 1%. Short at old highs until seeing a reversal signal probably from 20 EMA and around 50% fibonacci level. This can happen soon in August next week or so.
Trade active
Stop loss swapped by menthal stoploss around the pivot point. Channel expanded. The trade still profitable.Trade closed: stop reached
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