LONG AUD/TRY 4H Investment Opportunity
Hello, I am Trader Andrea Russo and today I want to show you a LONG investment opportunity on AUD/TRY. We are currently on a 4-hour chart (4H), and the "WaveTrend + Multi-Timeframe Alerts" indicator signals an oversold situation both at 4H and 8H. Furthermore, we are observing signs of a possible bullish recovery, which makes this configuration particularly intriguing.
Here is the Investment Setup:
The current price is around 22,814.
There is a BUY signal with a target price set at 23,435, corresponding to a TP of 2.72%.
The stop loss is set at 22,625, corresponding to a SL of 0.83%.
The suggested long position offers a highly favorable risk/reward ratio.
These combined signals indicate a potential reversal of the uptrend, making this an interesting setup for investors looking for buying opportunities on AUD/TRY.
As always, I encourage you to monitor this setup closely and apply conscious and strategic risk management to your trading plan. Happy trading! 📈
