USDTRY. Breakout of correction. Previous top is a target.
Updated
The pair broke above the resistance finishing correction.
The previous top is the minimum target.
Risk/reward more than 2.
US Dollar moved in a mighty bullish move recently against all major and emerging market currencies after Fed billed the trim of its balance and secured the yield rise in December. US T-notes already dropped huge. Demand for USD will rise as risk free interest rate will inrease.
The previous top is the minimum target.
Risk/reward more than 2.
US Dollar moved in a mighty bullish move recently against all major and emerging market currencies after Fed billed the trim of its balance and secured the yield rise in December. US T-notes already dropped huge. Demand for USD will rise as risk free interest rate will inrease.
Trade closed: target reached
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