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USD/TRY: Swing-Setups! BE ready for all scenarios! :-)Hey tradomaniacs, welcome to another signal by trading2ez. In this case we want to be ready for both scenarios. Whether it`s going down or up, we can make profit with it! Bullish scenario: After the Breakout of the trendline, we wanna make sure that we don`t buy a Fakeout. Wait for the retest of 5.3! After that we should see bears coming into the market following the downtrend. Right after we should see a retest of the previous high, which was @ 5,25! A bounce off that area would show a new high and a higher low confirming the crossed MAC-D and RSI above 50! This third wave has huge potential, our first target would be the top of the range @ 5.40 - 5.45! After that we can head to 5.5! Indicators: MAC-D should get above the 0-Line crossed upwards! RSI: Should bounce off 50% and go upwards! ----------------------------------------------------------------------------------------------------------------------------------- Bearish scenario: IF we see a Fakeout and bounce back into the trendchannel, we wait for the retest of the recent bottom @ 5.12917! After that, we should see bulls coming into the market until we retest the trendchannel. THIS is our chance to sell the market until we`ve reached the important mark of 5.0! Indicators: MAC-D should cross downwards below the 0-Line to confirm that trade! RSI should get below 50%! ----------------------------------------------------------------------- SETUPS Short: Sell-Limit: 5.14397 Stop-Loss: 5.23019 Target 1: 5.05 Target 2: 5.0 --------------------------------------------------------------------- Long: Buy-Stop: 5.25 Stop-Loss: 5.14 Target-Zone 1: 5.36 - 5.4036 Target 2: 5.56 Leave a like and a comment - I appreciate every support! :-) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
by Trading2ez
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