USDTRY Up 10% After Consolidating!
Since posting about the USDTRY last week, price has continued to rise, handing out easy profits
so far to those investors that have added this to their portfolio.
This forex pair has been mentioned in our community leading up to our entry and as you can see,
a linear trend is starting to form.
In last week’s post, price had moved up over 7% since breaking out of consolidation. Price has since
moved up another 3% taking it to a rise of 10%.
There is still potential for further bullish moves here and the next level of resistance price may
move towards is the 8.0000 round number.
The USDTRY usually trends well and is then followed by periods of consolidation so we want to
position ourselves with compounds before the trend is over, in order to maximise our profits.
At the moment we will continue to manage our positions and lock in profits.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
so far to those investors that have added this to their portfolio.
This forex pair has been mentioned in our community leading up to our entry and as you can see,
a linear trend is starting to form.
In last week’s post, price had moved up over 7% since breaking out of consolidation. Price has since
moved up another 3% taking it to a rise of 10%.
There is still potential for further bullish moves here and the next level of resistance price may
move towards is the 8.0000 round number.
The USDTRY usually trends well and is then followed by periods of consolidation so we want to
position ourselves with compounds before the trend is over, in order to maximise our profits.
At the moment we will continue to manage our positions and lock in profits.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
