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TomProTrader
Jan 24, 2017 10:29 AM

USDTRY watch for sell set up 做空

U.S. Dollar/Turkish New LiraFXCM

描述

Hi guys,

Watch this one for a sell set up. Would be nice to see retest of structure before move down. Looking for a sell set up using your own trading strategy is probably a good idea.

Thank you for your support.

评论

Fundamentals quickly made trade rally. 4 hour candle closed as a MASSIVE shooting star, so nothing has changed here. watch for a retest of structure, and look for a set up!

评论

Trading is relatively weak here, the set still stands here. Watching for a set up before pulling the trigger on this one.

评论

This one rallied out to the upside, no trade active, interest rate speech at time of setup negated any possible setup. Let's move on and place funds in another place to work for us.

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Nothing to see here. No setup found, trade was negated. This is why it's key you have a strategy to avoid buying/selling too soon and losing capital!

Always use a tested trading strategy to buy/sell instruments, or it's like driving a car with no driving experience, it won't end well.
评论
BlueStar
today CB of turkey announced interest rate change, did you consider that change in your analysis ?
TomProTrader
@BlueStar, Not particularly.
TomProTrader
@Tom_Killick, No set up yet, so just waiting regardless of that. If no set up and rallies more, look for another setup.
BlueStar
@Tom_Killick, they announced very little interest rate increase (30 min ago) so i think target should be above 3,80
TomProTrader
@BlueStar, Thanks for sharing with the community. I do have a feeling due to only small manoeuvre in interest rates, the market might price in the initial panic, but could later just consolidate before the next move at this stage.

We will have to see what happens at this stage. Will wait for panic to settle and proceed accordingly. Thanks for your comments.
BlueStar
@Tom_Killick, you are welcome. btw yesterday fitch and s&p decreased credit note of Turkey
TomProTrader
@BlueStar, Yea. Not interested in Lira for now. As soon as the setup was gone I just forgot about this one. Will hope for a setup in the future.
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