USDTRY Here is our new trading plan

We managed to capture the bull run originating from 7.00 level to 7.80 level with our last USDTRY analysis published at march 1st.

Recent price action suggests that price may stay sideways between 7.80 level and 7.50 level for some time.

Range plays in this zone should be considered the wise thing to do.

Like and comment if you find value in our analysis.

Feel free to post your ideas and questions at the comments section.

Good luck


NOTES:

- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.
- We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade.
- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader.
- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.

Best Regards.

トレード終了: 利益確定目標に到達:

First leg of profit taking is completed. We'll monitor the price action at this zone for another reversal