A great opportunity to buy in Turkish Lira. keep your eye on it.
The current trend is uptrend and the forecast is continuation of the uptrend.
While the resistance #1 at 83 is not broken, the probability of price increase would be too low.
While the uptrend #2 is not broken, wave in price would continue.
Price is above WEMA21, if the price drops more, this line can act as dynamic support against more losses.
( ) is 77.
There is a possibility of temporary retracement to suggested Buy Zone (4.3200 to 4.1800). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (4.3200)
Ending of entry zone (4.1800)
Signal to enter the market occurs when the price comes to “Buy zone” then forms one of the reversal patterns, whether “Bullish Engulfing”, “Hammer” or “Valley”, in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about “Entry signal” and the special version of our “Price Action” strategy FOLLOW our lessons:
TP1= @ 4.4600
TP2= @ 4.5400
TP3= @ 4.7385
TP4= @ 4.9225
TP5= @ 5.0000