USD/TRY - 400 Short Opportunity

Aggiornato
USD/TRY still hasn't found a strong support and thus, a move down further below is possible.
Trade chiuso: stop raggiunto
3% down.. No big deal, we move on to the next trade! Even though it was somewhat of a good looking position, not the most probable either. For a moment, the pair was calmly going down, sending the wrong signal. But as it's an exotic pair (Not a majorly traded pair) volatility eventually picked up.
Nota
Even though the prices went up, from my analysis, it's too soon for it to completely make a reversal on the long term. And so, we will possibly see further low tests and once a strong support zone has been found, then a long term reversal up higher will present itself.

I will keep this signal updated if any shorting opportunity presents itself.
Nota
USD/TRY isn't able to move up higher and as the 50 ema on the 4 hour is broken, it's going to make a drop. Is this trade the best one one could take? Obviously no. However, from what is currently happening, the next move could be down further below than last time.

istantanea
Beyond Technical AnalysisChart PatternsTechnical IndicatorsUSDUSDTRYusdtryanalizusdtryanalysisusdtryforexusdtrypredictionusdtrysellusdtryshortUSD (US Dollar)

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