USDTRY Analyzing the correction

USDTRY has entered a corrective structure as we mentioned last friday.

We have to find good deals to refill our USD case. The first area that we're paying attention is 6.01 zone which is a fibonacci level and previous resistance.

Scale in and out, that's the safe way to go.

Like and comment if you find value in our analysis.

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.