Untill the june 7th general elections in Turkey, USDTRY is likely to go down.
Due to a sudden 5% down move USDTRY is likely to move back to 50% fib level (2.6450) before to continue its downward movement. 4 HRS bull candle has confirmed the buy signal.
2,6400 target , 2,6000 entry , 2.5700 stop.
Close the LONG @ 2,64 and SHORT @ 2.64 with a stop at 2,66
Due to a sudden 5% down move USDTRY is likely to move back to 50% fib level (2.6450) before to continue its downward movement. 4 HRS bull candle has confirmed the buy signal.
2,6400 target , 2,6000 entry , 2.5700 stop.
Close the LONG @ 2,64 and SHORT @ 2.64 with a stop at 2,66
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