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Weekly forecast US Dollar / Turkish Lira technical chart
Symbol USDTRY

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Trade Setup

#USDTRY
Total Profit: 5072 pip
Closed trade(s): 2656 pip Profit
Open trade(s): 2416 pip Profit

Trade Setup:
We opened 4 BUY trade(s) @ 4.7302 based on 'Trough (Valley)' entry method at 2018.07.09.

Closed Profit:
TP1 @ 4.8035 touched at 2018.07.11 with 733 pip Profit.
TP2 @ 4.9225 touched at 2018.07.12 with 1923 pip Profit.
733 + 1923 = 2656 pip

Open Profit:
Profit for one trade is 4.8510(current price) - 4.7302(open price) = 1208 pip
2 trade(s) still open, therefore total profit for open trade(s) is 1208 x 2 = 2416 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJuly 15, 2018 - 16:38
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 4.17500 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • The RSI bounced from the uptrend #1 and it prevented price from more losses.
  • The RSI downtrend #2 is broken, so the probability of continuation of uptrend is increased.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 65.

Take Profits:

  1. 4.8035
  2. 4.9225
  3. 5.0000
Click on the level to view price action history.

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US Dollar / Turkish Lira (USDTRY) free Sat, 23 Mar 2024
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