USDTRY - long strategy on wedge breakout

USDTRY is in a consolidation pattern, it is slowly reaching the 50% of the previous bullish leg. This may wake up the bulls that could attempt to break out of this wedge. Aggressive strategy would be to buy the break after the daily candle is closed. More defensive strategy would wait for a small retracement after the break before entering. SL/TP given by the Fibo levels. This is just a *rough* sketch, exact levels should be adjusted based upon the market behavior.

Giao dịch đang hoạt động:

Plan started, breakout.

Giao dịch được đóng thủ công:

I closed it with a small gain, it's missing momentum and prefer to move money to another FX pair.