Tryjpyshort
TRY/JPY - Incoming DropTRY/JPY is currently weak and could potentially break it's bullish support and fall further down.
Place your SL above the high of the current consolidation zone.
To play it safe, one can simply place a Stop Sell order right below the 50 EMA on the 6H chart or simply the current support line to catch the move as it breaks its current support.
I would personally not risk more than 1% on this trade.
Trade safe.
Bearish scenario for Turkish Lira/Japanese Yen (TRY/JPY)Clear resistance can be seen and higher lows on the weekly timeframe for TRY/JPY. I forecast a bearish breakout to the downside so wait for confirmation.
Hit like if you agree.
