JPYTRY trade ideas
REBOUND from Strong SUPPORT and OVERSOLDIt looks like it has reversed from the strong support we have as per chart and RSI indicates oversold. Stop loss below 29 seems a safer option and uptrend will be quite strong. It can go up as high as 32 for now.
Good luck and stay safe!
needs to drop a tad to B before the rally up to C...needs to drop a tad to B before the rally up to C...
TRYJPY LongExpecting price to pull back and continue north.
Order will expire at 1220 U T C -4 if not activated by then.
TRYJPYFollowing the pair to get the right setup
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TRYJPYWeekly - Previous resistance retested, price within descending triangle, indecision
Daily - Strong bearish close outside CTL
4 hour - Double top formed, CTL broken, Price retesting CTL, awaiting break of previous low
TRYJPYWatching Daily divergence still going
Waiting long signal on cross some average to go long
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TRYJPYMassive weekly bulish divergence Where will be the bounce, now or on more down extension between 36-33 ?
Soon long maybe let see
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Trade of the day. Buy TRY in the rangeIn descending triangle, perhaps wait for confirmation with MACD crossover before buying.
Overnight premium is very attractive.
TRYJPY cypher patternDespite the fact that I have noticed this pattern slightly late, it is still within what would have been my SL had I noticed the pattern, so I am more than happy to follow its movement.
I am of course bearish on this, which falls nicely with the high RSI reading 0f 66. I also have no fundamental reasons to think be ST-MT bullish on the Turkish lira.
