
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!