USDTRY - buyers taking back control?

2019-11-20 11:31:09

LONG - USDTRY
SL: 5.65900 (Suggested by our algorithmic system)
TP: 5.82319 (Suggested by our algorithmic system)

Reasons behind this idea:

1. Price on a soft support level

2. At the time price is respecting the previous long hammer candle, not falling below the bottom of the wick.

3. Volume indicators suggest bullish accumulation

Caution: MACD indicator is still bearish


---------- Chart Drawings ----------

Blue Dotted Line: Broken Support Trendline
Blue Solid Line: Support Trendline
Blue Box: Soft Support Levels
Purple Vertical Line: Suggested Stoploss by our algorithmic system
Green Vertical Line: Suggested Stoploss by our algorithmic system

Trade idea from our mobile app: https://ibb.co/mTN4YCh (Timestamp is in Australian Sydney Time UTC+7)

Please trade responsibly and good luck!