USD/TRY Signal- June 4, 2012

Alp Kocak

Currency: USD/TRY
Trend Expected Direction: Up
Method: Ichimoku, Technical Analysis
Description: USD/TRY stopped its bullish advance at 1.8750. The pair is currently below the kumo (30M and 1H charts). This means it is possible to see a pull back towards 1.8465. This position is against the current trend so enter with a trailing stop of 40 pips.
Recommendation: Short
Entry: 1.8575
Target Area: 1.8490 and 1.8470
Stop-Loss: 1.8615

USDTRY signal 6412

For an update as of 1:00 PM GMT click here

Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.

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